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Bridge across the Atlantic

23 April 2007 By Taron Wade

Banks will provide temporary equity to KKR and Pessina to help make the numbers work on their £12bn agreed bid for Alliance Boots. The bullmarket financing tool is new to Europe. It s great for KKR, which doesn t round up equity partners now. But the banks take risks. The bullmarket financing tool is new to Europe. It s great for KKR, which doesn’t need to find equity partners. But the banks take risks.

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