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CVC puts $9 billion Recordati bid on hold as political uncertainty weighs -sources

Reuters  |  LONDON/MILAN 

By Pamela Barbaglia and Stephen JewkesLONDON/MILAN (Reuters) - Buyout fund CVC Capital Partners held talks with Italian drugmaker Recordati over a possible 8 billion euro ($9.4 billion) takeover, but has put the deal on hold due to concerns about the hefty price tag and political uncertainty, three sources familiar with the matter said.Recordati, a family-owned maker of cardiovascular and rare diseases drugs, is Italy's biggest listed pharmaceutical company with a market value of 6.4 billion euros ($7.6 billion). The Recordati family, which controls about 51 percent of the company via their ...

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First Published: Thu, May 17 2018. 17:08 IST