Blackstone plans $3.4 billion IPO for bookmaker Cirsa, Spanish paper says
Reuters
Published Dec 09, 2021 02:51AM ET
MADRID (Reuters) - Private equity giant Blackstone (NYSE:BX) is planning a public listing of Spanish gambling company Cirsa next year in a deal that could be valued at up to 3 billion euros ($3.4 billion), Spain's Cinco Dias newspaper reported on Thursday.
Blackstone acquired Cirsa, which operates casinos and betting shops across Spain and Latin America, in 2018 for an undisclosed sum.
Cinco Dias said Blackstone had contracted investment bank Lazard (NYSE:LAZ) to advise on the deal, which it aims to carry out around April next year.
Blackstone and Cirsa did not immediately respond to requests for comment.
($1 = 0.8830 euros)
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Written By: Reuters
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