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Competition Commission puts brakes on Sun International – Peermont merger

29th October 2024 10:24 am GMT

South Africa’s Competition Commission has recommended to the Competition Tribunal that Sun International’s proposed acquisition of Peermont Holdings should be halted.

The competition body said the merger would have potentially detrimental effects on market competition in the region.

The R70 billion (approx. €3.67 billion) deal, first announced in December 2023, includes Peermont’s Emperor’s Palace resort and its online sports betting brand, PalaceBet.

The Competition Commission said the merger would significantly impact the gambling landscape in South Africa, reducing [...]

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