Reuters - Advent Buys EKO Holding
Private equity fund Advent International has secured a 98-percent stake in Polish retailer EKO Holding, ending a month-long bidding war with rival fund Mid Europa Partners, Reuters reported on Tuesday. Advent sweetened its bid three times to fend off Mid Europa and its final offer valued the company at 340 million zlotys ($106 million). The private equity firm now wants to squeeze out the remaining shareholders to delist EKO, Advent said.
30 October 2012•1 min read
