VOL. XLII

No. 20

17-May-1999

BAHRAIN

Investcorp And Cinven Acquire Zeneca Specialities In 1.3BnTransaction

Investcorp announced on 12 May that it had jointly arrangedand led a 1.3bn ($2bn) transaction with Cinven to acquire Zeneca Specialities,the chemicals division of AstraZeneca. According to a company statement,Investcorp and Cinven have underwritten the entire equity and Chase Manhattanand JP Morgan have underwritten the debt finance. Zeneca Specialities is one ofEurope痴 leading speciality...