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EQT offers 470 euros per Zooplus share

Zooplus has revealed that the voluntary public takeover bid by EQT is to be 470 euros per share. This equates to an increase of 10 euros per share on the bid proposed by Hellman & Friedman (H&F) on 14 September and a premium of 69 per cent on the uninfluenced closing price of the Zooplus shares on 12 August, the day before H&F's voluntary public takeover offering for the company was announced.

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.

|28 September 2021 | 11:06


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