Ster-Kinekor escapes liquidation, thanks to investment

  • 📰 mailandguardian
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 92%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Ster-Kinekor escapes liquidation, thanks to investment - The R250 million transaction involved dealing with the cinema group’s debt, as well as the purchase of 100% of its shares by UK and local firms

for the rescue transaction, which resulted in inevitable delays. The business rescue was also delayed by negotiations with about 20 landlords involved.

The main transaction, of R250 million, involved the refinancing and restructuring of Ster-Kinekor’s debt, as well as the purchase of 100% of its shares by UK asset managers Blantyre Capital Limited and South Africa-based Greenpoint Specialised Lending.

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:

 /  🏆 2. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

COMPANIES: Ster-Kinekor pulls off mission impossible by successfully exiting business rescueThe cinema group’s fortunes are on the rise as investors, blockbuster movies and higher audience numbers help pull it out of a financial funk.
Source: dailymaverick - 🏆 3. / 84 Read more »

COMPANIES: Ster-Kinekor pulls off mission impossible by successfully exiting business rescueThe cinema group’s fortunes are on the rise as investors, blockbuster movies and higher audience numbers help pull it out of a financial funk.
Source: dailymaverick - 🏆 3. / 84 Read more »