Australia's Crown Resorts says Blackstone bought near 10% of its shares [Reuters]
Blackstone Inc. (BX)
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Source: Reuters
Australia's Crown Resorts says Blackstone bought near 10% of its shares (Reuters) - Australia’s Crown Resorts Ltd ( CWN.AX ) said on Wednesday that U.S. private equity firm Blackstone Group Inc ( BX.N ) had bought some of its shares from Macau casino operator Melco Resorts & Entertainment Ltd ( MLCO.O ). Crown said an entity controlled by Blackstone had bought about 67.7 million of its shares from Melco, which in February had shelved a bid to raise its holding in the Australian firm due to a plunge in traveller numbers. The stake that changed hands represented about 9.99% of the issued capital of Crown, it said.
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