Fixes typo in paragraph 2 to read ($732 million not billion)

MADRID, Nov 25 (Reuters) - Private equity investor

Blackstone plans to list shares of Spanish gambling

company Cirsa in the first half of 2025 in an initial public

offering, local newspaper Expansion reported on Monday, citing

unidentified market sources.

Blackstone would raise between 700 million euros and 1

billion euros ($732 million to $1.1 billion)floating between 20%

and 25% of Cirsa, Expansion said.

The investment fund has hired Barclays, Deutsche Bank and

Morgan Stanley as global coordinators, the newspaper said.

Cirsa, Blackstone, Barclays, Deutsche Bank and Morgan

Stanley did not immediately respond to requests for comment.

Blackstone acquired Cirsa, which operates casinos and

betting shops across Spain and Latin America, in 2018 for an

undisclosed sum.

In 2021, another Spanish newspaper Cinco Dias reported

Blackstone was considering a Cirsa IPO in a deal that would

value the company at around $3.4 billion.

($1 = 0.9557 euros)

(Reporting by Javi West Larrañaga; Editing by Inti Landauro and

Emelia Sithole-Matarise)