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Abertis bidders fail to receive enough capital from lenders

2-Aug-2010 12:22 PM

Spain's Abertis Infraestructuras SA bidders failed to gain enough lenders to commit to EUR6.3 billion of loans to back their offers for the company by the 16-Jul-2010 deadline (Bloomberg, 31-Jul-2010). CVC Capital Partners Ltd and Abertis’ two main shareholders, Criteria CaixaCorp SA and Actividades de Construccion y Servicios SA, reportedly received EUR4 billion in commitments.