The Macau Metro Monitor, November 8, 2012
PERMIRA SELLS REMAINING STAKE IN GALAXY ENTERTAINMENT Macau Business
Private equity company Permira Advisers LLP has agreed to sell its remaining holdings (5.94% stake) in Galaxy. Completion of the sale is expected to be on November 12. The 249.6 million shares were sold at HK$27.17 (US$3.5) each, putting the deal value at HK$6.78 billion, a source with direct knowledge of the deal told Reuters.