Abu Dhabi's Multiply buys majority stake in Spanish fashion co Tendam, sources say
Abu Dhabi's investment firm Multiply Group has agreed to take a majority stake in Spanish fashion retail company Tendam, which owns Cortefiel and Pedro del Hierro brands, among others, three sources with knowledge of the matter said on Tuesday.
Multiply is buying part of the stakes held by funds CVC and PAI Partners, amounting to a total nearly 68% of Tendam, one of the sources told Reuters.
(Reporting by Andres Gonzalez and Corina Pons, writing by Andrei Khalip)
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