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French Eurazeo seeking to raise capital to fund acquisitions.

MANews-(C)2009-2010

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

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Publication:M & A Navigator
Date:Apr 12, 2010
Words:102
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