Informatics: According to Reuters, M’sian tycoon Vincent Tan is mulling a 49% stake sale in the unlisted gaming unit of Berjaya Sports Toto for approximately US$1b including debt. Tan has hired Citigroup as adviser to the deal. Carlyle Group & Providence Equity Partners were 2 of those recently approached to buy the stake but it is unclear whether the buyout funds are proceeding with the process.
Would Tan consider injecting its gaming biz into Informatics, which is 30.3% controlled by the Berjaya Group & 20.9% by Peter Lim? Or do a RTO at Rowsley where Peter Lim owns a 29.9% stake? The guessing game is on.
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