HONG KONG, March 25 (Reuters) – Private equity firm CVC Capital Partners and Royal Bank of Scotland sold a combined $528 million stake in Hong Kong-listed luggage maker Samsonite International (1910.HK), according to a term sheet seen by Reuters on Monday.
The 212.4 million shares were sold at HK$19.28 ($2.48) each, the terms showed. That would put the total deal at about HK$4.1 billion, with about 65 percent of the shares sold by CVC CVC.UL and the remainder by RBS (RBS.L).
Luxembourg-based Samsonite listed in Hong Kong in 2011 in a $1.25 billion initial public offering, with CVC and RBS jointly raising about $821 million by selling into the IPO.
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