Buyout firms lose battle for Auna and Taittinger

Two trade buyers have trumped several of the world's most powerful private equity groups for Spanish telecommunications group Auna, and French luxury goods conglomerate Taittinger. Bids totalled €15bn ($18.3bn).

France Télécom and Ono, a Spanish cable operator, have outbid offers for Auna from Kohlberg Kravis Roberts and Carlyle Group, The Blackstone Group and Goldman Sachs Capital Partners.

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