CVC and GBL secure 91.9% of Recordati, paving way for delisting
Private equity firm CVC Capital Partners and Belgian investment group Groupe Bruxelles Lambert (GBL) have secured a 91.9% stake in Italian pharmaceutical company Recordati following the closure of their takeover offer, clearing the way for the €11bn business to be delisted, according to a report by Reuters. The consortium's holding reportedly surpassed the 90% threshold required for delisting…
We haven't written up this one. Private Equity Wire has the full story — the link below goes straight to it.
