Sun International says Nueva downplayed the seriousness of their dispute
The group says its dispute with its Latin American business partner over the sale of a stake in the business they own is headed to arbitration in 2021
26 June 2020 - 11:05
Casino and hotels operator Sun International said on Friday a recent offer from Nueva Inversiones Pacifico Sur for a majority stake in the group had downplayed the significant of an ongoing dispute between the two parties.
Nueva had said on Wednesday it would make a R1.5bn bid for a 50.1% stake in Sun, but had mentioned there was a dispute between the two regarding the sale by Sun of a 15% interest in Sun Dreams — the group's Latin American business — for about $86m (R1.5bn). ..
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