CVC reportedly to acquire control of Italy's Recordati

20 June 2018

London-based buyout fund CVC Capital Partners is in advanced discussions to acquire a controlling stake worth more than 3 billion euros ($3.5 billion) in Italian drugmaker Recordati (RECI: MI), the Financial Times reported this morning, citing three people familiar with the transaction.

A deal could be reached before the end of this month, the sources suggested.

Recordati is a family-owned business of which the family, through its holding FIMEI SPA, owns 51.30% of the capital.

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