Not sure if this is correct or incorrectly reported but the...

Not sure if this is correct or incorrectly reported but the article in The Australian today says 'Under the deal CVC absorbed $905 million of Stella debt, valuing the 65 per cent stake in the company at about $1.3 billion'

Surely if that were the case then Stella's full enterprise value would be closer to 1.8 billion, therefore making the 35% stake worth more (more like 500 mil), thus making the remaining stake worth more than $1 per share based on what people are calling a firesale price.

Has The Australian got it wrong?