New bid

Further interest shown in Zooplus

After it became known that another investor was interested in acquiring Zooplus, the company’s share price rose.
After it became known that another investor was interested in acquiring Zooplus, the company’s share price rose.
07.09.2021

After Hellman & Friedman, another financial investor, EQT, has now publicly declared an interest in acquiring the online pet supplies retailer Zooplus. The retailer revealed this in a press release, according to reports in various media channels. On publication of this news, Zooplus shares jumped briefly from 397 euros to 427 euros, presumably because the shareholders hoped for a bidding war between different investors that would drive the share price further upwards.
"The outcome of discussions is open at present. It is currently not clear whether it will ultimately lead to a public takeover bid," says Zooplus. The board of the company had already agreed to the bid by Hellman & Friedman in mid-August. Zooplus has also concluded an investor agreement with Zorro Bidco, the intermediary appointed by Hellman & Friedman, to enter into a strategic partnership.Swedish investor EQT has already invested in other German companies, including the prosthetics manufacturer Otto Bock. With Berlin company kfzteile.24 the investor also has a German online retailer in its portfolio.
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