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Sun International’s Chilean merger stalls

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Sverige Nyheter Nyheter

The proposed merger would give Sun Dreams critical mass in Latin America

The proposed merger between Sun International’s Chile-based gaming business Sun Dreams and the gaming assets of casino and hospitality group Marina del Sol has been put on hold after the parties failed to agree on a memorandum of understanding.

Sun International and Pacifico entered into a memorandum of understanding with Clairvest and Empresas Valmar earlier in 2019 that would have paved way for the merger. In a statement to shareholders in May, Sun International said the merger could lead to the listing of Sun Dreams on the Santiago Stock Exchange in Chile.

 

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