Asian investment firm HSG has emerged as the frontrunner to acquire a stake in German luxury camera maker Leica Camera AG, in a deal that could value the business at around €1bn ($1.2bn), according to a report by Bloomberg citing unnamed people familiar with the process.
HSG is reportedly in discussions to purchase Blackstone Inc’s 45% holding in the company and could also consider acquiring the remaining 55% stake held by Austrian billionaire Andreas Kaufmann, should he opt to sell. A full take...
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