31-05-2020 15:09 via uk.finance.yahoo.com

KKR and Cinven in takeover talks with Spain's MasMovil - sources

A consortium of three buyout funds including KKRand Cinven is looking to launch a takeover bid for Spanish telecoms company MasMovil , two sources close to the matter told Reuters.The consortium, which also includes U.S. buyout fund Providence, is putting the finishing touches to its proposal to take control of the Madrid-listed company, which has a market value of 2.4 billion euros (2.2 billion pounds), the sources said.If the bid goes through, Providence, KKR and Cinven will have equal shares
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