CVC, KKR pull out of Coles takeover bid

Kohlberg Kravis Roberts & Co has decided to follow CVC Asia Pacific and quit the consortium bidding for Coles Group after two weeks of due diligence on the Australian retail giant. Coles shares have consequently fallen below the A$17.00 mark for the first time since April.

To view this content, you need to sign in.


You should only be asked to sign in once. Not the case? Click here


Register now to access this content and more for free.

Share this