Australia’s Crown Resorts says Blackstone bought near 10% of its shares By Reuters

© Reuters.

(Reuters) – Australia’s Crown Resorts Ltd (AX:) said on Wednesday that U.S. private equity firm Blackstone Group Inc (N:) had bought some of its shares from Macau casino operator Melco Resorts & Entertainment Ltd (O:).

Crown said an entity controlled by Blackstone had bought about 67.7 million of its shares from Melco, which in February had shelved a bid to raise its holding in the Australian firm due to a plunge in traveller numbers.

The stake that changed hands represented about 9.99% of the issued capital of Crown, it said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*