CVC Plans $16 Billion Bid For Abertis

British buyout shop CVC Capital Partners is putting together a 12 billion euro ($16 billion) bid for Spanish toll-road operator Abertis, Reuters reported, citing a story in The Sunday Times. CVC bought a 15.5% stake in the company in August, and had this summer attempted a three-way takeover deal involving Spanish builder ACS and bank La Caixa, Reuters said. That deal fell apart in July.

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