HONG KONG Nov 8 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.
Permira's sale is expected to be completed on Nov. 12, the
Galaxy filing said.
(Reporting by Fiona Lau for IFR and Denny Thomas; Editing by