CVC and GBL Secure 74.3 Percent Stake in Recordati
CVC and GBL secured a 74.3 percent stake in Italian drugmaker Recordati after their takeover offer closed. The consortium surpassed its minimum threshold but fell short of delisting requirements. The offer will reopen in November.
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CVC CAPITAL PARTNERS PLC and Belgium's GBL secured a 74.3% stake in RECORDATI INDUSTRIA CHIMICA after raising their takeover bid to €53 a share. The acquisition values the Italy pharmaceutical group at approximately €11B.
