MADRID, June 26 (Reuters) - Investment funds Antin
, Cinven, CVC, KKR and Permira have
filed offers to buy Spanish pharmaceutical company Rovi's
third-party manufacturing business, newspaper
Expansion reported on Wednesday citing unidentified market
sources.
The five firms filed non-binding bids on June 13 and are now
in the middle of a due diligence process for binding offers, the
newspaper reported.
Rovi said in March it had hired Lazard as an adviser for a
potential sale of the unit which has produced COVID vaccines on
behalf of Moderna, among other drugs.
The unit is estimated to be worth about 3.5 billion euros
($3.75 billion), Expansion said.
Spokespeople for Rovi, Cinven and KKR declined to comment,
while Antin, CVC and Permira did not immediately respond to
requests for comment.
($1 = 0.9344 euros)