Brief: White Mountains To Sell Bamboo To CVC For $1.7 Bln

White Mountains Insurance

03/10/2025 13:23

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)

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