vimarsana.com

Page 7 - தொகுக்கப்பட்டு ப்ரெஸ் ஹோல்டிங்ஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Packer taps Moelis to advise on potential Crown sale

Packer taps Moelis to advise on potential Crown sale James Packer has indicated he is open to selling his Crown stake to Blackstone, as Consolidated Press Holdings taps Moelis for advice. Business by Lachlan Moffet Gray Premium Content Subscriber only James Packer has flagged he is open to selling his 37 per cent stake in Crown Resorts to US private equity firm Blackstone, with his holding company Consolidated Press Holdings confirming it has appointed Moelis Australia as an advisor in relation to the $8bn indicative bid for the casino group. CPH welcomes the Crown board s announcement that it will commence a process to assess the Proposal and it will also engage with relevant stakeholders including regulatory

Packer taps Moelis Australia for Crown Resorts

Packer taps Moelis Australia for Crown Resorts Save Share James Packer’s Consolidated Press Holdings has hired Moelis Australia to look after its interests at Crown Resorts. Blackstone lobbed an $11.85 a share indicative bid at Crown a fortnight ago.  Bloomberg As revealed by Street Talk, CPH has mandated Moelis to independently assess what to do with the group’s Crown Resorts shareholding, in light of an $11.85 a share indicative offer from Blackstone. Packer’s CPH is Crown Resorts’ biggest shareholder with a 37 per cent stake worth $2.95 billion at $11.85 a share. The gig ensures Moelis will have front-row seats to the unfolding Crown situation. Morgan Stanley and Clayton Utz are in Blackstone’s corner, while UBS and Allens work for Crown.

Packer Open to Considering Casino Empire s Sale to Blackstone

April 6, 2021, 7:00 am · Australian billionaire James Packer has made it clear that he will act as kingmaker on any proposal for the sale of casino operator Crown Resorts. The businessman holds a 37% stake in the major group. In a Tuesday statement, Mr. Packer’s private investment vehicle Consolidated Press Holdings (CPH) said that it is “open to considering, and will independently assess, any suitable transaction for Crown shares that may eventuate.” CPH’s comments come several weeks after US investment management giant Blackstone Group tabled an offer for 100% of Crown, including its casino properties in Perth and Melbourne and its luxury resort in Sydney.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.