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SVG Capital PLC (SVI)

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Friday 02 September, 2011

SVG Capital PLC

Partial realisation of holding in Galaxy

RNS Number : 5122N
SVG Capital PLC
02 September 2011
 



SVG Capital plc

Press Release

For immediate release 2 September 2011

Partial realisation of holding in Galaxy

 

Permira IV has today realised 33.8% of its holding in Galaxy Entertainment Group, the Hong Kong listed casino and hotel operator, at HKD17.70 per share.

The value of this partial realisation for SVG Capital is £71.4 million, which together with the value of the remaining holding in the group represents an £18.8 million (6.0p per share) uplift to the June 2011 valuation of Galaxy of £204.1 million.

Following this partial realisation, Permira IV holds 12.8% of Galaxy's issued share capital and SVG Capital's remaining holding is valued at £151.5million (as at 1 September 2011).

 

For further information, please contact:

 

SVG Capital plc

020 7010 8900

Alice Kain


Charlotte Edgar




Maitland        

020 7379 5151

Neil Bennett


Anne Gilding


 

                                                                                                           

                                                                                                                                                                                               

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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