Ster-Kinekor receives binding offer from Blantyre and Greenpoint Capital
Business rescue practitioner Stefan Smyth says he has received a binding offer from London-based Blantyre Capital and SA’s Greenpoint Capital
31 December 2021 - 09:38
Ster-Kinekor’s business rescue practitioner, Stefan Smyth, says he has received a binding offer for the cinema chain, which has spent the past year under his oversight after the impact of Covid-19 devastated the company’s finances.
London-based Blantyre Capital and Cape Town-based Greenpoint Capital made the offer on December 15, which will form the basis of the business rescue plan once the proposed deal’s commercial viability has been assessed, Smyth said in an update report on Thursday. Smyth added that he aims to publish the business rescue plan on or before January 21, 2022...
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.