Permira sells final 5.9 pct stake in Galaxy Entertainment
HONG KONG Nov 8 (Reuters) - Private equity fund Permira is selling its remaining 249.6 million shares, or 5.94 percent stake, in Galaxy Entertainment Group Ltd, Hong Kong-listed Galaxy said in a stock exchange filing on Thursday.
Permira is seeking to raise about $870 million through the block deal, offering shares at HK$27.17-HK$27.46 each, IFR reported separately. The shares closed at HK$28.60 on Wednesday. UBS is the sole book runner for the trade, IFR said.