CVC scraps bid for Altadis units

CVC scraps bid for Altadis’s Distribucion Integral Logista unit due to funding difficulties.

Logista, is reckoned to be worth around €2.3bn (US$3.4bn). CVC turned its attention to the distribution unit of Altadis after its bid for the cigarette maker failed.

In the end UK cigarette maker Imperial Tobacco Group won the bid.