Grand Parade in play as Sun raises a sizeable stake
Gaming and leisure giant takes10.56% stake in Grand Parade Investments
A takeover battle is on the cards at Grand Parade Investments (GPI), which holds stakes in two of the most profitable gaming assets in SA.
A surprise disclosure on Friday saw gaming and leisure giant Sun International snatching a 10.56% stake in GPI. This came only days after GMB Liquidity Corporation bumped its stake in GPI to over 35.14% — triggering a mandatory buyout offer to GPI’s shareholders...
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