Apax, Trilantic Freeze Bids for Euskaltel, Confidencial Reports
Apax Partners LLP and Trilantic Capital Partners froze their bids to buy Euskaltel, a cable company in Spain’s Basque region, until regional elections are held on Oct. 21, El Confidencial reported, citing unidentified people close to the matter.
Private equity firms Apax and Trilantic want to see which political party wins the elections because policies on items such as phone bills, networks, investments and taxes could be different from one party to another, the news website said.
To contact the reporter on this story: Manuel Baigorri in Madrid at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.