Six groups battle for Taittinger

Six sealed bids have been tabled for Taittinger, the French luxury goods and hotels group being auctioned for more than €2bn ($2.4bn). Cinven, the UK private equity group, is one of two expected bidders yet to put forward a formal offer. Bids will be opened today.

Les Echos reports that Pernod-Ricard, the French drinks group that was expected to bid, has also not yet tabled an offer.

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