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Private Equity

Blackstone opts out of potential €2.5bn Stroeer deal

privateequitywire

2 months ago

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Blackstone Inc has stepped away from a potential takeover effort for German advertising group Stroeer SE & Co KGaA at a valuation of around €2.5bn, according to a report by Bloomberg citing unnamed people familiar with the matter.
The US private equity firm had been part of an investor consortium alongside I Squared Capital that was exploring a possible acquisition of the business. The group had been considering an offer in the mid-€40s per share range, Bloomberg News previously reported.
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