Private-equity firm Permira hit the jackpot by unloading its remaining stakes in Galaxy Entertainment on Wednesday as the stock surged to a record high, and right before it fell off again.
Permira's timing was impeccable as shares in Galaxy, one of the big three casino operators in Macau, dropped up to 5 per cent yesterday after hitting a peak, its largest drop in three months, before closing down 4.37 per cent at HK$27.35. On Wednesday it closed at HK$28.60.
via Business feed http://www.scmp.com/business/companies/article/1078238/private-equity-house-permira-sells-galaxy-stake-shares-peak
No comments:
Post a Comment