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BRIEF-White Mountains To Sell Bamboo To CVC For $1.7 Bln
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BRIEF-White Mountains To Sell Bamboo To CVC For $1.7 Bln
Oct 3, 2025 5:49 AM

Oct 3 (Reuters) - CVC Capital Partners PLC:

* WHITE MOUNTAINS TO SELL BAMBOO TO CVC

* TRANSACTION VALUES BAMBOO AT $1.75 BILLION

* WHITE MOUNTAINS WILL RETAIN AN APPROXIMATELY 15%

FULLY-DILUTED

EQUITY STAKE IN BAMBOO POST-CLOSING, VALUED AT $250 MILLION

BASED ON TRANSACTION

* WHITE MOUNTAINS EXPECTS TRANSACTION WILL RESULT IN GAIN OF

APPROXIMATELY $310 TO ITS BOOK VALUE PER SHARE

* TRANSACTION IS EXPECTED TO CLOSE BY END OF Q4 OF 2025

* WHITE MOUNTAINS EXPECTS TRANSACTION WILL RESULT IN NET

CASH

PROCEEDS OF APPROXIMATELY $840 MILLION

Source text:

Further company coverage:

(Gdansk Newsroom)

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