Wednesday, June 6, 2007

Sun International to buy back 16 pct of own stock

(Reuters) - South African casino and hotel operator Sun International will buy back up to 16 percent of its own stock for around 2.34 billion rand, the company said on Wednesday.

Sun International, South Africa's biggest casino operator, said it has experienced significant growth in the value of its operations while gearing has been reduced due to strong cash flows and debt repayments.


Read more at Reuters Africa

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