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Sun in R94bn offer for casino group Peermont – Business Report

Sun in R94bn offer for casino group Peermont – Business Report

Hotel chain Sun International planned to buy out casino resort group Peermont for R9.4 billion in line with the group’s strategy to enhance its existing portfolio and seek new growth opportunities, it said on Friday. “This acquisition will enhance Sun International’s position and scale as a leading hotel, resort and gaming operator, which in turn positions it well to undertake larger developments and acquisitions globally,” said Sun International’s chief executive Graeme Stephens. Dirk van Vlaanderen comments on the deal.
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