Breakfast Deals: Seek and sell

James Packer's tipped to pay down private debt with two recent sales, while the shortlist of potential Lloyds buyers narrows to three.

James Packer has done a pair of sales, one of which is with SEEK, to raise $261 million that’s expected to go to paying down his private debt. Meanwhile, Westpac and ANZ Bank are on the shortlist for Lloyds Australian sale, APA Group isn’t budging on its Envestra offer unless it gets access to the books and Billabong International has been told by the Takeovers Panel ‘not on those terms’.

Crown, SEEK, Magellan Financial Group

Crown billionaire James Packer is expected to use the $261 million windfall from the sale of his stakes in SEEK and Magellan Financial Group to pay down his private debts.


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