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Sun International gets nod for Latin American merger

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Johannesburg - Sun International [JSE:SUI] has been given the green light to merge its Latin American portfolio with the casino and hotel portfolio of assets of Chile-based leader in the gaming and entertainment industry, Dreams SA, the hotel and gaming group announced on Wednesday.

The share price climbed 1.12% on the news to trade at R73.36 by 11:45 on the JSE.

The merger came after Sun International shelved its R9.5bn plan to buy local rival casino owner Peermont Group in April.

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