Nueva Inversiones Pacifico Sur to acquire a 64.94% stake in Sun Dreams from Sun International for $160m.

Nueva Inversiones Pacifico Sur, a provider of waste management services, agreed to acquire a 64.94% stake in Sun Dreams, a provider of casinos and gaming facilities, from Sun International, a resort hotel chain and casino operator, for $160m. Sun International stated that the impact of the Covid-19 pandemic on the group, and the length of time, uncertainty and costs associated with arbitration proceedings in a foreign country, had convinced the firm to sell its stake when presented with an opportunity to exit at an attractive value.