Galaxy Entertainment Group Limited (SEHK:27) and LVMH Moët Hennessy Louis Vuitton SA (ENXTPA:MC) acquired 10% stake in Societe des Bains de Mer et du Cercle des Etrangers a Monaco (ENXTPA:BAIN) from Principality of Monaco on July 25, 2015. Galaxy Entertainment and LVMH Moët Hennessy Louis Vuitton each acquired 5% stake and Principality of Monaco will remain at the majority, going from 69.47% to 59.47% at the end of the transaction. Thierry Riguet, Christopher Kelly, Alexei Franks, Penny Barsha, Greg Horsford, Alice Magnan, Louis Prades, Thierry Riguet, Clément Fouchard, Gilbert Li, Joseph Cayzer and Karen Lam of Linklaters acted as legal advisors for Galaxy.

Galaxy Entertainment Group Limited (SEHK:27) and LVMH Moët Hennessy Louis Vuitton SA (ENXTPA:MC) completed the acquisition of 10% stake in Societe des Bains de Mer et du Cercle des Etrangers a Monaco (ENXTPA:BAIN) from Principality of Monaco on July 25, 2015.