Sun International in multi-million rand BEE deal

October 16, 2007
South Africa's biggest casino and hotel operator, Sun International, says that it has sold a 6.5% stake in its SunWest unit to a black economic empowerment firm for R231 million.
The BEE group, Grand Parade Investments, will also have an option to subscribe for a further 5% of SunWest by June 2010.

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