Deutsche Bank Sells Cosmopolitan To Blackstone For $1.7B
Deutsche Bank AG (NYSE:DB) (ETR:DBK) (FRA:DB) announced today it has sold the loss-making Cosmopolitan of Las Vegas casino and resort to the world’s largest private-equity firm The Blackstone Group L.P. (NYSE:BX) for $1.7 billion.
The sale ends the Germany’s largest lender’s six-year money-losing venture into the casino development. This content is exclusively for paying members of ValueWalk Premium Gain Exclusive Access to the Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with ValueWalk Premium Get Started Now with a FREE 7-Day Trial 🔻 If you are a current ValueWalk Premium member and are having an account error please clear cache and cookies. If that does not work, email [email protected] or click Chat.
Deutsche Bank: Loss-making venture