Permira raises $613 million from Galaxy sell-down

The private equity investor sells the shares at more than twice the price it paid four years ago, but keeps a 12.8% stake as a long-term investment.
September 02, 2011
Galaxy's flagship casino, Galaxy Macau (AFP)

UK-based private equity firm Permira has raised HK$4.78 billion ($613 million) by selling part of its holdings in Macau casino operator Galaxy Entertainment.

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