CVC completes partial exit from Malaysian gaming company
CVC has completed a partial exit from Magnum, Malaysia’s largest gaming business, receiving $410 million in cash plus an allotment of shares with an approximate current market value of $157 million.
Multi-Purpose Holdings Berhad (MPHB), which already owns 51% of Magnum, has acquired CVC's 47% stake as well as 2% held by company management. In taking full ownership of Magnum, MPHB agreed to transfer...
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