CWN crown resorts limited
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News: CWN Australia's Crown Resorts offered $2.3 bln by Oaktree to buy James Packer's stake

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    19/04/21
    09:15
    Post #: 52555004

    April 19 (Reuters) - Australia's Crown Resorts Ltd (CWN) said on Monday it received a A$3 billion ($2.32 billion) funding commitment from Oaktree Capital to use to buy James Packer's 37% stake in the casino operator.

    Crown, which is fielding a takeover offer from Blackstone Group Inc BX.N , said it was assessing Oaktree's proposal.

    ($1 = 1.2952 Australian dollars)

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