February 26, 2021
Renowned Latin American casino operator Enjoy SA could reportedly be about to merge with larger compatriot Sun Dreams SA so as to create an entity that would be responsible for a dominant 76% of the casino market in Chile.
According to a Wednesday report from the Bloomberg news service, the President for Santiago-headquartered Enjoy SA, Javier Martinez, revealed that he was made aware of the planned amalgamation late last week after receiving a call from a representative of his firm’s main creditors, Henry Comber. The executive purportedly also detailed that an unspecified investment bank has already been hired to work out the particulars of an envisioned deal that would see these investors, which include the likes Inversiones Kinacu Limitada, Banchile Administradora General de Fondos SA and Dimensional Fund Advisors LP, become shareholders in the newly-enlarged casino-operating enterprise.
Chile: potential Enjoy-Sun Dreams merger could create first giant regional casino operator
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Chile: potential Enjoy-Sun Dreams merger could create first giant regional casino operator
yogonet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yogonet.com Daily Mail and Mail on Sunday newspapers.