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Blackstone acquired Cirsa, which operates casinos and betting shops across Spain and Latin America, in 2018 for an undisclosed sum.
Cinco Dias said Blackstone had contracted investment bank Lazard (NYSE:LAZ) to advise on the deal, which it aims to carry out around April next year.
Blackstone and Cirsa did not immediately respond to requests for comment.
($1 = 0.8830 euros)
