Deals Rumor Mill: KKR, Telefonica, ING

By Karlee Weinmann (October 25, 2013, 12:39 PM EDT) -- New York private equity giants KKR & Co. LP and Apollo Global Management LLC could square off against Mexico's Grupo Bimbo SAB de CV in the chase for the bread unit of Maple Leaf Foods Inc., if the seller has its way, sources told Reuters on Friday. Earlier in the week, Maple Leaf said it was exploring options for its 90 percent stake in Canada Bread Co. Ltd., an operation worth $1.7 billion. Since then, The Royal Bank of Canada and Centerview Partners LLC, the firms running the sale, have touched base with prospective buyers ahead of sending out financial information meant to draw them in. Bimbo is one of the world's largest bread makers....

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