New York-based alternative investment management company Blackstone Group is studying a number of options for the Spanish gaming company Cirsa, including an initial public offering (IPO) , Yogonet reported May 8.
Several anonymous sources have told Reuters that Blackstone has solicited proposals to oversee the IPO from several investment banks. The share sale would be used to refinance the company’s debt. The sources emphasize that all such explorations are preliminary.
However, Blackstone officials won’t confirm or deny the reports. Cirsa is also staying mum.
Cirsa operates several casinos in Spain. It reported EBITDA of € 552.5 million ($609.24 million) for FY 2022. Blackstone acquired the company in 2018 for € 2.2 billion.
