PACKER TO POCKET $448M IN CROWN SHARE SALE
Written on the 29 August 2016 by Melbourne Business News
JAMES Packer is giving up majority control of Crown Resorts (ASX:CWN) after his private company Consolidated Press Holdings revealed it was selling a 4.8 per cent stake in the Melbourne-based casino group.
Packer is selling 35 million shares at 12.,80 each to an undisclosed party to raise $448 million.
Author: Melbourne Business News Connect via: Twitter