Sun International completes R7.3bn acquisition of Peermont
Sun International said it bought Peermont Holdings for R7.3bn, including the Emperors Palace Resort. Peermont shareholders agreed to the sale of all ordinary shares and claims on loan accounts against the group, with written support from 62.54% of shareholders. Sun International said the acquisition would expand its online business platform.
The purchase expands Sun International’s online platform and adds Peermont’s resort assets to its business.