Permira sells over half of its stake in Galaxy Entertainment
Permira has exited over half of its remaining stake in Hong Kong-listed Galaxy Entertainment Group for HK$5.855 billion ($755 million). The transaction involves a 6.65% stake in the company and the shareholdings of Permira funds have reduced to 5.95% following the sale.
The block trade through Permira's special purpose vehicles involved 279 million shares, which were sold at a price of HK$21 on Wednesday morning, representing a 4.1% discount to the company's closing price...
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