Crown receives revised Oaktree offer to buy out Packer
We’re sorry, this service is currently unavailable. Please try again later.
Dismiss
Normal text size
Advertisement
American private equity firm Oaktree could end up owning almost 10 per cent of Crown Resorts under a revised $3.1 billion funding offer to help the casino giant buy out major shareholder James Packer’s stake in the company.
Oaktree made its first approach to Crown in April, with a funding deal that would see Crown selectively buy back some or all of Mr Packer’s 37 per cent stake.
Oaktree could own almost 10 per cent of Crown under the deal.