The Sale of Eldorado

The Sale of Eldorado

November, 2017

Urban Lundberg, Senior Consultant, Fisher International

The offer for the sale of Eldorado resulted in an intense bidding process attracting a number of contenders from Latin America, China, and Indonesia. While Paper Excellence B.V. emerged as the winner, paying approximately USD 4.7 billion and fully assuming Eldorado’s debt of almost USD 2.6 billion, Indonesia’s APP is the de facto owner due to a network of connections between the two entities. Fisher Senior Consultant, Urban Lundberg, reviews the sale and highlights some noteworthy facets of the acquisition.


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