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KKR, Cinven and Providence make $3.3bn bid for MasMovil: Reuters

KKR, Cinven and Providence have made a $3.3 billion bid for MasMovil, a Spanish telecoms operator, reported Reuters.

KKR, Cinven and Providence have made a $3.3 billion bid for MasMovil, a Spanish telecoms operator, reported Reuters. The news wire noted that Providence is currently MasMovil’s second-largest shareholder with a 9.16 percent stake. If the deal goes through, all three private equity firms will end up having an equal stake in MasMovil.

Source: Reuters