PremiumKKR and BlackRock in the race to Indaqua

Citi has received offers to buy four funds, including KKR and BlackRock. Advance due diligence for binding offers now advances.

The fund of private equity Bridgepoint, owner of the Miya Group, which in turn owns 100% of Indaqua, a Portuguese company, received non-binding offers from four international funds in the sale process launched in June.

According to Jornal Económico, among the candidates who submitted non-binding proposals to Citi, a bank that was hired by shareholders to set up the sale transaction, are the KKR and BlackRock funds. Both global investment management companies already have investments in this area in other geographies. Both have also invested in Portugal in various sectors.

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