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US private equity investment the Blackstone Group is to obtain Spain’s largest casino and bingo hall operator, Cirsa.
Chairman Lao: Cirsa founder Manuel Lao is to step down as chairman of the business he founded 40 years ago on conclusion of the Blackstone that is multibillion-dollar deal.
The two companies announced the offer in a press that is joint on Friday, and, while precise terms are not disclosed, Cirsa’s price tag was known to have been between €2 billion ($2.4 billion) and €2.5 billion ($3 billion).
In February, the company found itself in […]
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