Reuters logo
BRIEF-Caesars Entertainment, CEOC announce sale of remaining stake in Conrad Punta Del Este
May 18, 2017 / 8:32 PM / 7 months ago

BRIEF-Caesars Entertainment, CEOC announce sale of remaining stake in Conrad Punta Del Este

May 18 (Reuters) - Caesars Entertainment Corp:

* Caesars Entertainment, Caesars Entertainment Operating Co. announce sale of remaining stake in Conrad Punta Del Este

* Caesars Entertainment Corp- Baluma Holdings S.A., a non-debtor foreign unit of CEOC sold 55% share in Punta Del Este Conrad in Uruguay to Enjoy S.A.

* Caesars Entertainment Corp- Baluma Holdings received net proceeds from transaction of about $180 million after distributions to certain minority investors

* Caesars Entertainment Corp- sale is result of Enjoy S.A. Exercising right under terms of Enjoy S.A.’s 2013 deal Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below