CVC Capital partners, the private equity firm, is poised to complete the leveraged buyout of Lenzing, the Austrian maker of viscose fibres.

A source close to the deal said that Bank Austria, Lenzing's current owner, will sign the sale on Wednesday. CVC and Bank Austria, are believed to have agreed a price of €90 per share, valuing the company at €270m ($248m).

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CVC to seal €270m Austrian buyout

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