UPDATE 2-Blackstone takes $360 mln stake in Australia’s Crown, stoking buyout hope
Private equity
company Blackstone Group Inc bought a near 10% stake in
Australian casino operator Crown Resorts Ltd from
Macau’s Melco Resorts & Entertainment Ltd, sending
Crown shares soaring amid hopes of a buyout.
company Blackstone Group Inc bought a near 10% stake in
Australian casino operator Crown Resorts Ltd from
Macau’s Melco Resorts & Entertainment Ltd, sending
Crown shares soaring amid hopes of a buyout.
Posted by Reuters