Blackstone buys 10% stake in Crown Resorts (ASX:CWN)

29Apr

Blackstone buys 10% stake in Crown Resorts (ASX:CWN)

 

Casino operator Crown Resorts (ASX:CWN) has been informed that an entity owned by funds managed or advised The Blackstone Group Inc. and its affiliates has purchased shares in Crown.

This represents 9.99 per cent of the issued capital of Crown, from Melco Resorts & Entertainment at a price of $8.15 per share.

Blackstone is an American company and one of the world's biggest investors across real estate and private equity.

Shares in Crown Resorts (ASX:CWN) are trading 7.4 per cent higher at $9.24.
 
Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

30Sep

Downer EDI (ASX:DOW) director resigns

30 Sep 2019 - Downer EDI (ASX:DOW) Non-Executive director Annabelle Chaplain will retire at the conclusion of the company’s AGM on 7 November 2019.

Read More
16May

Stocks of the Hour: Brambles, Chrysos Corp, Boral & Calix

16 May 2022 - A snapshot of the stocks on the move, featuring Brambles (ASX:BXB), Chrysos Corp (ASX:C79), Boral (ASX:BLD) & Calix (ASX:CXL).

Read More
25Feb

Alumina (ASX:AWC) profit plunges as price dips

25 Feb 2020 - Alumina (ASX:AWC) today reported a statutory net profit after tax of US$214.0 million for the full-year to 31 December 2019, down 66 per cent.

Read More
05May

National Storage REIT (ASX:NSR) looking to raise $330 million

05 May 2020 - National Storage REIT (ASX:NSR) is set to raise up to $330 million to strengthen its balance sheet, replenish investment capacity and provide additional funding flexibility.

Read More
30Mar

Macmahon Holdings (ASX:MAH) selected to provide services to Anglo American’s mine

30 Mar 2021 - Macmahon Holdings (ASX:MAH) has been selected to provide surface mining services for Anglo American’s Dawson Mine in Queensland at the Dawson South operations, from July 2021.

Read More
25Nov

Downer EDI (ASX:DOW) is preferred contractor for Perth’s Metronet

25 Nov 2019 - Downer EDI (ASX:DOW), as a member of the NEWest Alliance, has been selected as preferred contractor to deliver the Yanchep Rail Extension and the Thornlie – Cockburn Link, part of Perth’s METRONET program.

Read More
17May

Stocks of the Hour: Commonwealth, Carsales & Evolution Mining

12 May 2021 - A snapshot of company news making headlines in the morning session, featuring Commonwealth (ASX:CBA), Carsales (ASX:CAR) & Evolution Mining (ASX:EVN).

Read More
17Nov

Afterpay’s (ASX:APT) Anthony Eisen and Nick Molnar to co-CEO

17 Nov 2020 - Afterpay Limited (ASX:APT) today announced the appointment of Nick Molnar as co-CEO and Managing Director, sharing the role with current CEO and Managing Director, Anthony Eisen.

Read More
11Nov

Stocks of the Hour: EMVision, Venture Minerals, Trek Metals

11 Nov 2022 - A snapshot of the stocks on the move featuring EMVision (ASX:EMV), Venture Minerals (ASX:VMS) and Trek Metals )ASX:TKM).

Read More
17Nov

Champion Iron Limited (ASX:CIA) to acquire Kami Project in Canada

17 Nov 2020 - Champion Iron Limited (ASX:CIA) has acquired the Kami Project belt in southwestern Newfoundland, near the Québec border of Canada.

Read More