Daily News: November 13, 2017

J.P. Morgan, Others Launch $315MM Loan to Support St. Hubert Buy


Reuters reported that a banking group led by J.P. Morgan, Societe General and Unicredit will aid Beijing Sanyuan Foods and Chinese conglomerate Fosun Group in their acquisition of St. Hubert, a French margarine maketer, by launching a €270 million ($315 million) leveraged loan financing.

According to Reuters, the purchase price is €625 million ($729 million) and meetings are set for Nov. 14 and 15 to present the deal to investors.