Banks emerge to back Alcontrol deal

Dresdner Kleinwort Wasserstein is backing UK buy-out firm Candover in its bid to buy Alcontrol, a laboratory testing services group, from rival buy-out firm Bridgepoint Capital.

Dresdner is lead arranger for the debt for the £250m (€357m) deal and Bank of Scotland, part of the Scottish banking group HBOS, may become involved as a co-underwriter, according to a source close to the deal.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached