Permira divests 6.5% stake in Galaxy Entertainment for $614m
UK-based Permira has divested approximately 6.5% of its stake in Macau casino and entertainment operator Galaxy Entertainment Group for HK$4.8 billion ($614 million). It sold 270 million shares for HK$17.70 apiece.
Permira sold its shares through an institutional placement on the Hong Kong Stock Exchange at a more than 5% discount from Galaxy's HK$18.66 closing price Thursday. The private equity firm still owns 528...
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