Blackstone is weighing options for Spanish gambling company Cirsa, including an initial public offering (IPO), people familiar with the matter told Reuters.
The U.S. buyout group recently invited proposals from investment banks to manage a possible share sale and refinancing of Cirsa’s debt, said the people, speaking on condition of anonymity. It is common for banks managing an IPO to also provide a loan to the company.
Blackstone declined to comment. Cirsa did not immediately respond to a request for comment.
An IPO would follow a public share sale by Italian peer Lottomatica, backed by Apollo Global Management, whose shares began trading in Milan on Wednesday.
