Barclays, 3i Group back GVC Management buyout

Article Abstract:

Barclays PLC and 3i Group PLC have reached an agreement to support a leveraged buyout of Grands Vins de Gironde (GVC). GVC is Remy Cointreau SA's wine merchant. The buyout, scheduled to be completed by the end of March 1999, GVC's Chief Executive Pierre-Michel Alsac and four GVC managers will own a combined 25% of the company's capital. Forty percent will be owned by Barclays Private Equity and 35% will be owned by the 3i Group.

Comment:

Barclays PLC and 3i Group agree to support a leveraged buyout of Grands Vins de Gironde

United Kingdom, United States, Investment Offices, Investment Companies, Open-End Investment Funds, Wine and distilled beverages, Wine & Liquor Whsle, Wine and Distilled Alcoholic Beverage Wholesalers, Abstract, Barclays PLC, 3i Group PLC, Grands Vins de Gironde

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Brief encounter; ING calls off bid for CCF, leaving both sides perplexed

Article Abstract:

Article discussing Internationale Nederlanden Groep NV's Euro10 billion bid and subsequent withdrawal of its bid to take over Credit Commercial de France SA.

Netherlands, Banking industry, Mergers, acquisitions and divestments, ING Groep N.V., Credit Commercial de France Societe de Droit Francais

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