Reuters - Advent Set to Win Control of EKO

Advent International looked set to win control of Polish retailer EKO Holding on Thursday after raising its offer for a third time, even though a rival private equity firm made a higher bid soon after, Reuters reported. EKO's former chief executive Krzysztof Gradecki told Reuters he and his wife tendered their 55 percent stake to Advent, as previously agreed. Earlier on Thursday, Advent had raised its offer for all of the company to 272 million zlotys ($86.91 million), or 5.6 zlotys per share.

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