Blackstone has confirmed the official offer of 5.2 billion euros for Australia’s Crown Resorts, where it already has a 10% stake.
Crown Resorts is currently facing money laundering investigations; and, the long-awaited license to open a large casino in Sydney was rejected a month ago. In the midst of this crisis, the company informed that they will evaluate Blackstone's proposal.
In this regard, various specialized economic media indicate that the offer is below the real value of Crown Resorts, a company that has been greatly affected by the COVID-19 crisis and the investigations of its operations.
It should be noted that among the conditions of Blackstone's proposal, the Australian regulator must consider that the firm is suitable to manage a casino.
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