June 24, 2020 / 3:14 PM / 12 days ago

Chilean investment firm to buy 50% stake in S.Africa's Sun International

JOHANNESBURG, June 24 (Reuters) - Chile’s Nueva Inversiones Pacifico Sur (IPS) has made a proposal to Sun International to buy 50.1% of the South African hotel and casino operator for 22 rand ($1.27) a share, it said on Wednesday.

The proposed offer also includes an interim liquidity support in the form of a bridge loan of up to 1.2 billion rand to Sun International, the firm said in a statement.

$1 = 17.3083 rand Reporting by Nqobile Dludla

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