Deutsche Bank Sells Cosmopolitan To Blackstone For $1.7B – ValueWalk Premium
Deutsche Bank

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.
Deutsche Bank: Loss-making venture

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