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Oaktree Investments proposes to buy back James Packer's stake in Crown Resorts

Oaktree Investments proposes to buy back James Packer s stake in Crown Resorts
19 Apr, 2021 12:43 AM
2 minutes to read
James Packer. Photo / Getty Images
news.com.au
By: Gerard Cockburn
An investment firm has pledged to fund a buyout of James Packer s stake in Crown Resorts, potentially paving a way for the casino giant to obtain its Sydney gaming licence.
Crown acknowledged that it had received a non-binding and indicative proposal from Oaktree Investments to fund a buy back of shares owned by the billionaire s private company Consolidated Press Holdings (CPH).
Oaktree s proposal details an investment funding of nearly A$3 billion ($3.2b) to Crown in order to buy back some or all of the shares held by CPH. ....

New South Wales , James Packer , Gaming Authority , Crown Resorts , Oaktree Investments , Consolidated Press Holdings , Oak Tree , புதியது தெற்கு வேல்ஸ் , ஜேம்ஸ் ப்யாகர் , கேமிங் அதிகாரம் , கிரீடம் ரிசார்ட்ஸ் , தொகுக்கப்பட்டு ப்ரெஸ் ஹோல்டிங்ஸ் , ஓக் மரம் ,