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CVC hits back at 'misleading' Nine reports

Press reports speculate the buyout firm could lose its equity stake in the business

UK-based buyout firm CVC Capital Partners has hit back at what it describes as “misleading and inaccurate” information regarding its investment in Australian media group Nine Entertainment Group.

CVC abandoned attempts to float Nine in the summer following turbulence in the equity markets and began negotiations with the firm's lenders to extend its debt, which is due to mature in February 2013, to 2015, according to two people familiar with the situation.

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