The cash offer by EQT of 470 euros per share implies an equity valuation for Zooplus of around 3.6 bn euros. The offer is subject to a minimum acceptance rate of 50 per cent plus one share, however, and the usual closing conditions, including approval by the antitrust authorities.
"It is not the intention of EQT to conclude a control and/or profit assumption agreement with Zooplus," says Zooplus in relation to the bid. If the bid is successful, EQT intends to delist Zooplus in due course once the acquisition has been completed.