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Hillhouse, CDH-led group offers to buy Belle International in $6.8 bln deal
April 28, 2017 / 9:25 AM / in 7 months

Hillhouse, CDH-led group offers to buy Belle International in $6.8 bln deal

HONG KONG, April 28 (Reuters) - A consortium led by private equity firms Hillhouse Capital Group and CDH Investments offered on Friday to buy Belle International Holdings Ltd in a deal valuing the entire Hong Kong-listed shoe retailer at about $6.8 billion.

Hillhouse and CDH joined with Yu Wu and Sheng Fang, directors at Belle, to offer HK$6.30 per share in the company, according to an e-mailed statement. Trading of Belle’s shares has been halted since April 18 at the company’s request, pending an announcement.

The price is equivalent to a premium of 20 percent from Belle’s closing price before the trading halt and values the company at HK$53.1 billion ($6.8 billion).

$1 = 7.7795 Hong Kong dollars Reporting by Elzio Barreto; Editing by Nick Macfie

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