SPAIN - Pan-European houses to race for Codere
The deadline for offers for the 49.9% stake of Codere is tomorrow. Reportedly, pretty much every pan-European house based in Spain has demonstrated interest in the gambling business. Permira, Apax, Texas Pacific Group, Carlyle and BC Partners are all expected to present offers to sale coordinators Morgan Stanley and Credit Suisse. The stake is valued at around EUR 1.5bn.
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