FRANCE - Starwood Capital to sell Taittinger
JP Morgan and Rothschild have been mandated to run an auction for Starwood Capital’s imminent sale of Taittinger, according to press reports published today. Belgian billionaire Albert Frère, who exited his 25% interest in the French champagne producer five months ago, has been named a probable buyer, alongside Butler Capital Partners. The company is expected to receive a first asking price in excess of EUR 500m.
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