The announcement was made by the firm in a stock filing
Permira not looking to sell stake in Galaxy Entertainment
(Macau).- Permira Advisers has informed Galaxy Entertainment Group it is not looking to sell its us$ 1.7 billion stake in the gaming operator. The announcement was made by the company in a stock filing.
2011-06-27
Reading time 19 seg
According to the filing, Permira has informed Galaxy Entertainment Group “that they are not engaged in any negotiation in relation to the disposal of shares in the company and neither do they have any current intention to dispose of their shares in the company.”
Quoting two people with knowledge of the matter, Bloomberg had reported last week that the leveraged buyout fund could be looking to take a profit after Galaxy Entertainment Group stock jumped more than 80 % this year.
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