(Bloomberg) -- Altadis SA credit-default swaps rose
after reports CVC Capital Partners Ltd. enlisted Spanish savings
bank Caja Madrid to help finance a leveraged buyout of the maker
of Gauloises cigarettes.
CVC Capital will raise its offer for Altadis to more than
12.8 billion euros ($17.2 billion) after gaining the support of
Caja Madrid and the government of Singapore, La Vanguardia
reported today. Caja Madrid will own 5 percent of Madrid-based
Altadis if the bid is successful, El Pais reported.
Read more at Bloomberg Bonds News
after reports CVC Capital Partners Ltd. enlisted Spanish savings
bank Caja Madrid to help finance a leveraged buyout of the maker
of Gauloises cigarettes.
CVC Capital will raise its offer for Altadis to more than
12.8 billion euros ($17.2 billion) after gaining the support of
Caja Madrid and the government of Singapore, La Vanguardia
reported today. Caja Madrid will own 5 percent of Madrid-based
Altadis if the bid is successful, El Pais reported.
Read more at Bloomberg Bonds News
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