PARIS (Thomson Financial) - Investment fund CVC Capital Partners is 'interested in the possibility of acquiring Franco-Spanish tobacco group Altadis, a source close to the matter told Agence France-Presse.
On Tuesday, Altadis rejected an improved 47-eur-per share 'indicative' offer proposed by Imperial Tobacco PLC and said it has instructed its advisors to continue to seek the best options for the company, its shareholders and employees.
Today, the group said it would consider granting the UK group access to its accounts if it bettered the 47 eur offer.
According to market rumours, another rival, British American Tobacco is in talks over a counterbid with private equity firms, including CVC Capital, Cinven and PAI.
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