RLPC-Continental funds VDO buy with 13.5 bln euro loan

Newswire

LONDON, July 26 (Reuters) - Continental AG is arranging a 13.5 billion euro financing package to back its agreed acquisition of Siemens's electronics unit VDO, a source close to the deal said on Thursday. The financing package, which funds the acquisition and refinances existing debt, is being arranged by Citigroup and Goldman Sachs, the source told Reuters Loan Pricing Corp. Continental is acquiring Siemens VDO for 11.4 billion euros, in a deal that will create one of the leading ...

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