Blackstone plans $ 3.4 billion IPO for bookmaker Cirsa, Spanish newspaper says By Reuters

© Reuters. FILE PHOTO: Signage is seen outside the Blackstone Group’s corporate headquarters in Manhattan, New York, United States, November 12, 2021. REUTERS / Andrew Kelly

MADRID (Reuters) – Private equity giant Blackstone (NYSE 🙂 plans a public listing of Spanish gambling company Cirsa next year in a deal that could be valued at $ 3 billion euros ($ 3.4 billion), Spanish newspaper Cinco Dias reported on Thursday. .

Blackstone acquired Cirsa, which operates casinos and betting shops in Spain and Latin America, in 2018 for an undisclosed amount.

Cinco Dias said Blackstone has hired investment bank Lazard (NYSE 🙂 to advise on the deal, which it aims to complete around April of next year.

Blackstone and Cirsa did not immediately respond to requests for comment.

($ 1 = 0.8830 euros)

Disclaimer: Fusion media would like to remind you that the data contained in this site is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by the exchanges but rather by market makers. The prices may therefore not be exact and differ from the actual market price, which means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any business losses that you may incur as a result of the use of such data.

Fusion media or anyone involved with Fusion Media will not accept any responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.

About Debra D. Johnson

Check Also

ProAmpac and Purition Pioneer Recyclable High Barrier Paper Pouch for Nutritional Powders | national company

CINCINNATI–(BUSINESS WIRE)–August 9, 2022– Flexible packaging and materials science leader ProAmpac, in partnership with Whole …