Printer Friendly

French Eurazeo seeking to raise capital to fund acquisitions.


French financial holding firm Eurazeo (EPA:RF) plans to launch a capital hike and raise some EUR500m (USD683.2m) to fund potential acquisitions, local daily Les Echos reported on Monday.

A spokesman for Eurazeo declined to comment.

The financial holding firm holds stakes in various companies including home wholesaler Rexel (EPA:RXL) and hotel and prepaid services group Accor (EPA:AC).

Eurazeo generated a revenue of EUR3.8bn in 2009 and its market value amounts to about EUR3bn. Its liquid assets are worth EUR704m.

Country: ; France

Sector: Banking/Financial Services

Buyer: Eurazeo SA

Type: Corporate acquisition

Status: Bidding; Speculation

COPYRIGHT 2010 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2010 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M & A Navigator
Date:Apr 12, 2010
Previous Article:Swiss Xstrata still not in race for Australian Macarthur.
Next Article:China's Metallurgical in race for Anglo American zinc business.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters