<ul data-eligibleForWebStory="false"><li>Sun International has decided to cancel its proposed acquisition of Peermont Holdings due to regulatory delays beyond the deal's deadline.</li><li>The deal, worth over R7 billion, involved acquiring 100% of Peermont's issued shares and any shareholder loan claims.</li><li>Sun International aimed to consolidate its position in the gaming market through this acquisition, but it was prohibited by the Competition Commission citing anti-competitive concerns.</li><li>The deal had a regulatory longstop date of 15 September 2025, while the final hearing by the Competition Tribunal was scheduled for 2 October 2025, leading to the immediate termination of the transaction.</li></ul>

Sun International pulls plug on Peermont deal

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