Thailand firm acquires Gaborone Sun
Friday, August 29, 2014
![No Image](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2014/august/29/phpB231.tmp.jpg&w=400&q=72&f=jpg&t=1)
The global gaming and leisure company, which is looking to reduce its exposure to some African assets, has teamed up with Thailand-listed leisure conglomerate Minor International (MINT) in a R661million (P528 million) deal. The deal allows the South African Sun International to markedly reduce its exposure to three African hotels.
The mechanics of the deal will see Sun International selling the hotel businesses to the Asian leisure giants while it retains the casinos operations.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...