Douglas Holding Plans to Team Up With PE Firms

(Reuters) - Douglas Holding Chief Executive Henning Kreke said his family is teaming up with buyout firms with the aim of raising its stake in the company. Douglas, which has a market value of about 1.2 billion euros ($1.5 billion), earlier on Thursday said that unspecified board members with major holdings were in talks with several financial investors for a substantial stake in the company.

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