The Digester
finance

Blackstone sells 3.6% stake in Cirsa through accelerated placement

Blackstone unit LHMC Midco is placing about 6.09 million shares, equal to 3.6% of Cirsa, with an overallotment option that could raise the total to about 4.2%; Blackstone will remain the controlling shareholder.

Mar 31st 2026 · Spain

Insights

  • LHMC Midco is placing about 6.09 million Cirsa shares, representing roughly 3.6% of capital.
  • An overallotment option of up to 910,000 shares could raise the sale to about 7 million shares or 4.2% of capital.
  • Blackstone currently owns about 78.4% of Cirsa and will retain approximately 74.2% to 74.8% after the operation.
  • The placement started after notification to the CNMV, can close with limited notice, and the final price will be disclosed after completion.
  • LHMC Midco agreed not to transfer remaining ordinary shares for 90 days and Cirsa will not receive proceeds from the sale.

Sources