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Poland's Kety May Refinance €450M Metra Deal With Maiden Bond

Bloomberg Markets •
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AIGrupa Kety SA may refinance bridge debt for its biggest-ever takeover with its first conventional bond issue, as the Polish aluminum-products maker accelerates its push beyond eastern Europe. The €450 million ($515 million) acquisition of Italian peer Metra Sp A from private equity firm KPS Capital Partners, agreed last week, will give Kety greater access to southern Europe and the US. Apart from geographic diversification, the deal offers potential procurement and commercial synergies.