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
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|Publication:||M & A Navigator|
|Date:||Apr 12, 2010|
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