News Formal

Ster Kinekor gets R250m lifeline to emerge out of business rescue

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Ireland News News

The cinema chain was forced into business rescue after lockdown restrictions required cinemas to remain closed for five months in 2020

SA's largest cinema chain Ster Kinekor, could soon be out of business rescue and back to normality after a R250m offer was made for the business.

London-based Investment firm Blantyre Capital and Cape-Town based Greenpoint Capital are hoping to buy 100% of the loss-making Ster Kinekor, which has been in the form of bankruptcy protection since January 2021...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ster Kinekor gets R250m lifeline to emerge out of business rescueThe cinema chain was forced into business rescue after lockdown restrictions required cinemas to remain closed for five months in 2020 🔒
Source: BDliveSA - 🏆 12. / 63 Read more »