MADRID (AFX) - Altadis SA has been approached by at least three private equity firms after it rejected the around 11.5 bln eur offer by Imperial Tobacco PLC, The Financial Times reported, without citing sources.
CVC Capital and Cinven have both expressed interest in the Franco-Spanish tobacco group, the newspaper said, without revealing the name of the third firm.
The FT noted that analysts are predicting Imperial may raise its bid to up to 49 eur per share from the current 45.
Separately, Spanish press at the weekend said Imperial is preparing to hike its offer to 50 eur per share this week.
tfn.europemadrid@thomson.com ped/jdy/tw COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
CVC Capital and Cinven have both expressed interest in the Franco-Spanish tobacco group, the newspaper said, without revealing the name of the third firm.
The FT noted that analysts are predicting Imperial may raise its bid to up to 49 eur per share from the current 45.
Separately, Spanish press at the weekend said Imperial is preparing to hike its offer to 50 eur per share this week.
tfn.europemadrid@thomson.com ped/jdy/tw COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited