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Crown Ltd Divests Interest In Echo Entertainment Group Limited


Thursday, 23 May 2013 07:32pm EDT 

Crown Ltd announced that it has divested its interest in Echo Entertainment Group Limited (Echo) pursuant to a block trade executed overnight. Pursuant to that agreement, Crown’s 82,561,200 shares in Echo have been sold for $264 million or $3.20 per Echo share. Upon completion of the block trade, Crown will cease to have a substantial holding in Echo and the required notice will be provided to ASX and Echo in due course. 

Company Quote

12.58
0.05 +0.40%
24 Dec 2014