South Africa: Sun International in R1.5 Billion Arbitration Dispute With Firm That Wants to Buy It Out

Sun International has revealed that in January, it referred the Chilean company that earlier in the week said it wanted to buy a majority of its shares to an international dispute resolution body after a share deal fell through.

The arbitration dispute concerns the non-payment of $85.8 million (R1.49 billion) for shares in one of Sun International's subsidiaries.

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