The show will go on as Ster Kinekor exits business rescue
The business recue transaction involved capital raising of R250m from local and international asset managers
11 November 2022 - 15:20
Almost two years after it voluntarily entered business rescue, entertainment company Ster Kinekor announced on Friday that its business rescue practitioner, Stefan Smyth, had successfully concluded the process.
The transaction, which returns the company to solvency, involved the capital raising of R250m from the UK based asset manager Blantyre Capital and from the SA asset manager Greenpoint Capital, and forms the basis of the business rescue plan, the company said in a statement...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.