TEG dividend recap mooted as sale talk cools

TEG’s owner is seeking a dividend recapitalisation as an alternative to selling the Aussie live entertainment giant, according to a new report.

Private-equity firm Silver Lake enlisted Jefferies’ bankers to launch a sales process for TEG earlier this year, but failed to agree a sale despite interest from fellow investment companies Blackstone and KKR, reports the Australian Financial Review.

Concert promotion, ticketing and technology firm TEG operates out of seven countries worldwide with offices in Australia, New Zealand, south-east…

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