BRIEF-White Mountains To Sell Bamboo To CVC For $1.7 Bln

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Oct 3 (Reuters) - CVC Capital Partners PLC CVC.AS:

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: ID:nNDLhlqyx

Further company coverage: CVC.AS

(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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