Briefs
Sun International to buy Peermont in $775m deal
Sun International on Friday announced plans to take over casino resort group Peermont for nearly 9.5 billion rand ($775 million)
Sun International's share price on the day
JOHANNESBURG, March 20 (Reuters) – South African hotel chain Sun International on Friday announced plans to take over casino resort group Peermont for nearly 9.5 billion rand ($775 million).
Sun's medium-term objective is to create a group with fewer, larger, quality assets, it said.
($1 = 12.2598 rand) (Reporting by Helen Nyambura-Mwaura; Editing by Ed Stoddard)