PAG buys Australian hospitality business from KKR
PAG has acquired Australian Venue, which owns a portfolio of pubs, bars, and restaurants across Australia, from KKR for more than AUD 1.4bn (USD 900m).
The enterprise value is widely reported as being AUD 1.4bn, but a source close to the situation said it is larger than that, without giving more detail. The Australian Financial Review added that PAG has...
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