Sun International and Inversiones Pacífico Sur Limitada increase their Interest in Sun Dreams SA


CMS Carey & Allende and Claro & Cia. have advised on the transaction

Sun International Limited has increased its interest in Sun Dreams up to 64.9% and Inversiones Pacífico Sur Limitada reached the 35.1% of the company.

Sun Dreams was established in 2016 in order to manage Sun International Latin American assets and Dreams S.A. casinos in Iquique, Temuco, Valdivia, Puerto Varas, Coyhaique and Punta Arenas.

According to informed sources the deal reached an aggregated value of $126 Million.

CMS Carey & Allende has advised Sun International and Inversiones Pacífico Sur Limitada with Jorge Allende D. (Picture), Gastón Gallegos and Ricardo Celedón.

Claro & Cia. represented Entretenimientos del Sur Limitada with Matías de Marchena.

Involved fees earner: Jorge Allende D. – Carey & Allende – CMS; Gastón Gallegos – Carey & Allende – CMS; Matías de Marchena – Claro y Cia;

Law Firms: Carey & Allende – CMS; Claro y Cia;

Clients: Sun International (South Africa) Limited; Inversiones Pacífico Sur Ltda.; Entretenimientos del Sur Limitada;

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Author: Ambrogio Visconti.