Flora - comment

The emergence of specific PE firms interested in Flora should support bond prices, although any move is likely to be muted given the early stage of the process. Apollo and CapVest are expected to submit indicative offers this week, with OneRock also interested, according to Sky News. The reported €7bn valuation remains untested, but the interest supports the prospect of KKR engineering an exit ahead of its 10-year ownership mark.

https://news.sky.com/story/apollo-among-suitors-for-7bn-spreads-giant-flora-13601073