PSP Investments back in the race to buy TDF's French unit: Reuters
Canadian pension fund PSP Investments is making a surprise comeback in the race to buy broadcasting masts group TDF's French unit, opening a new episode in a protracted selloff saga, said three sources familiar with the matter, Reuters reported. PSP Investments is taking advantage of rival bidder Dering Capital's difficulties in financing its bid, which sources previously said came at about 3.7 billion euros (US$5.07 billion). It is reviving hope among TDF's private equity owners of reaching a deal as they need to raise fresh money to repay TDF's 3.8 billion euro debt pile and avoid a costly restructuring.
22 May 2014•3 mins read
