Bloomberg News

SVP Tables Bid for Kloeckner Pentaplast, Financial Times Reports

May 29, 2012

US hedge fund Strategic Value Partners has tabled a bit to take over plastic-film producer Kloeckner Pentaplast GmbH, the Financial Times reported, without saying where it got the information.

SVP led the German company’s junior creditors in proposing a swap of 450 million euros ($562 million) of debt for control of the company, the newspaper said.

To contact the reporter on this story: Jeff Black in Frankfurt at jblack25@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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