SVG Capital PLC (SVI) - Realisation of holding in Galaxy Entertainment Grp
RNS Number : 6280Q
SVG Capital PLC
08 November 2012
8 November 2012
Realisation of holding in Galaxy Entertainment Group
Permira IV has executed a fully underwritten placement of its remaining shares
in Galaxy Entertainment Group, the Hong Kong listed casino and hotel operator.
The value of this realisation for SVG Capital is £103.9 million (both directly
and indirectly through its holdings in the Permira Feeder Vehicles). This
represents a £4.9 million (1.8p per share) uplift on the September 2012
valuation of Galaxy of £99.0 million. Through its direct holding, SVG Capital
expects to receive net cash proceeds of approximately £88.1 million.
For further information, please contact:
SVG Capital plc 020 7010 8900
Maitland 020 7379 5151
This information is provided by RNS
The company news service from the London Stock Exchange
HOLQVLBBLFFEFBV -0- Nov/08/2012 07:04 GMT
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