Stock Groups

Blackstone plans $3.4 billion IPO for bookmaker Cirsa, Spanish paper says -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO: Signage is seen outdoors The Blackstone Group headquarters in Manhattan, New York, U.S., November 12, 2021. REUTERS/Andrew Kelly

MADRID (Reuters) – Personal fairness big Blackstone (NYSE:) is planning a public itemizing of Spanish playing firm Cirsa subsequent 12 months in a deal that could possibly be valued at as much as 3 billion euros ($3.4 billion), Spain’s Cinco Dias newspaper reported on Thursday.

Blackstone acquired Cirsa, which operates casinos and betting retailers throughout Spain and Latin America, in 2018 for an undisclosed sum.

Cinco Dias stated Blackstone had contracted funding financial institution Lazard (NYSE:) to advise on the deal, which it goals to hold out round April subsequent 12 months.

Blackstone and Cirsa didn’t instantly reply to requests for remark.

($1 = 0.8830 euros)

Disclaimer: Fusion Media want to remind you that the information contained on this web site just isn’t essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs usually are not offered by exchanges however somewhat by market makers, and so costs will not be correct and will differ from the precise market worth, that means costs are indicative and never acceptable for buying and selling functions. Subsequently Fusion Media doesn`t bear any duty for any buying and selling losses you may incur on account of utilizing this knowledge.

Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or injury on account of reliance on the data together with knowledge, quotes, charts and purchase/promote indicators contained inside this web site. Please be totally knowledgeable relating to the dangers and prices related to buying and selling the monetary markets, it is among the riskiest funding varieties doable.

[ad_2]