Blackstone plans $3.4 billion IPO for bookmaker Cirsa, Spanish paper says

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1 min read
Signage is seen outside The Blackstone Group headquarters in Manhattan, New York

MADRID – Private equity giant Blackstone is planning a public listing of Spanish gambling company Cirsa next year in a deal that could be valued at up to 3 billion euros ($3.4 billion), Spain’s Cinco Dias newspaper reported on Thursday.

Blackstone acquired Cirsa, which operates casinos and betting shops across Spain and Latin America, in 2018 for an undisclosed sum.

Cinco Dias said Blackstone had contracted investment bank Lazard to advise on the deal, which it aims to carry out around April next year.

Blackstone and Cirsa did not immediately respond to requests for comment.

($1 = 0.8830 euros)

(Reporting by Nathan Allen; Editing by David Goodman)

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