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CVC to Explore Recordati Asset Sales After €10.9B Takeover Bid

CVC Capital Partners is planning to explore potential asset divestments for Italian drugmaker Recordati if it completes its €10.9 billion ($12.5 billion) takeover bid. The plans were revealed by people familiar with the matter. The deal would rank among the largest transactions in Europe's pharmaceutical sector.

CVC Capital Partners Plc plans to explore options including potential divestments for Recordati SpA if it succeeds in its €10.9 billion ($12.5 billion) takeover of the Italian drugmaker, according to people familiar with the matter.