Reuters logo
9 months ago
BRIEF-Crown Resorts plans float for its hotels division
October 19, 2016 / 10:55 PM / 9 months ago

BRIEF-Crown Resorts plans float for its hotels division

1 Min Read

Oct 20 (Reuters) - Crown Resorts Ltd

* Update on major initiatives to enhance shareholder value

* Issued an update to market on major strategic initiatives which have been a subject of previous announcements

* Now endorsed implementation of a potential IPO of a 49% interest in some of its Australian hotels and associated retail property

* Proposed demerger is being progressed independently of potential ipo and two initiatives are not inter-conditional

* Work on proposed demerger, in particular, to obtain all necessary approvals is ongoing. Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +1 646 223 8780; )

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below