SVG completes placement of remaining shares in Galaxy Entertainment

published 8 November 2012

SVG, the FTSE 250 private equity investor, has completed a fully underwritten placement of its remaining shares in Galaxy Entertainment Group, the Hong Kong listed casino and hotel operator.

The value of the transaction for SVG totals £103.9m and equates to a £4.9m (1.8p per share) uplift on the September 2012 valuation of Galaxy of £99.0m.

In a statement the firm revealed that through its direct holding, SVG Capital expects to receive net cash proceeds of around £88.1m.