HONG KONG -(Dow Jones)- CVC Funds and Royal Bank of Scotland Group PLC (RBS) are seeking to raise up to US$220 million by selling shares in Hong Kong-listed U.S. luggage maker Samsonite International SA (1910.HK), according to a term sheet seen by Dow Jones Newswires Tuesday. The two shareholders are selling 112.5 million shares in an indicative price range of HK$14.9 to HK$15.15 each, representing a discount of 3.13% to 4.73% to Tuesday's closing price of HK$15.64. RBS and buyout firm CVC will be restricted in selling their remaining Samsonite shares for a 90-day lock-up period after the placement, according to the term sheet. Bank of America Merrill Lynch is the sole bookrunner for the transaction. -By Prudence Ho, Dow Jones Newswires; 852-2802-7002; prudence.ho@dowjones.com
