Crown demerger: enhancing value?

In the strange world of corporate reorganisations, two plus two may well equal five.

Your maths teacher might not like it, but in the strange world of corporate reorganisations and spin-offs two plus two can potentially equal five. Herein lies the potential attraction of the proposed Crown Resorts restructure aimed at ‘enhancing shareholder value’.

As noted in Crown spins off international ops and hotels on 16 Jun 16 (Buy — $12.75), Crown Resorts intends to demerge most of its international operations into a separate company.

Most international holdings demerged

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