Hellman & Friedman raises its bid price

Tug of war over Zooplus

Who will acquire Zooplus? EQT and Hellman & Friedman are engaged in a bidding war. Photo: Darby Browning, Pixabay
Who will acquire Zooplus? EQT and Hellman & Friedman are engaged in a bidding war. Photo: Darby Browning, Pixabay
12.10.2021

The bidding war for Zooplus has entered a new stage: holding company Zorro Bidco, which is controlled by funds advised by Hellman & Friedman, has now increased the consideration for the voluntary public acquisition offer made to Zooplus shareholders on 14 September by 10 euros to 470 euros in cash per Zooplus share.
Hellman & Friedman have thus equalled the bid price of EQT, which was announced on 27 September in response to the earlier bid by Hellman & Friedman.
Zooplus issued a comment on behalf of the executive board and supervisory board of the company.
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