Hellman & Friedman increase bid price for Zooplus

The game of poker over the acquisition of online retailer Zooplus has moved to the next stage. Zorro Bidco, a holding company controlled by funds advised by Hellman & Friedman, wants to increase the bid price for taking over the online retailer in Munich by 70 euros to 460 euros per Zooplus share. This was disclosed by Zorro Bidco following talks with Zooplus.
This bid is higher than alternative bids received by the company, according to a press release from Zooplus referring to the takeover bids of the two funds EQT and KRR, which have been submitted in recent weeks.
Subject to examination of the bid documents, the executive and supervisory boards of Zooplus continue to support the initial takeover bid and intend to recomment this, according to the online retailer.