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Report: Recordati family mulls selling stake in company to Cinven, Bain Capital

The Recordati family is considering selling its stake in Recordati SpA to private equity firms, including Cinven Ltd and Bain Capital LP, Bloomberg News reported, citing people close to the matter.

The family, which owns about 51% of the Milan-based drugmaker, is in early stages of discussions with financial advisers and could opt for a partial sale as well, the sources told Bloomberg on condition of anonymity since the matter is private.

Nothing had been finialized as yet, and the private equity firms and the Recordati family may end up deciding against a transaction, the people said.

Representatives from Recordati, Cinven and Bain Capital declined to comment, Bloomberg News said.