A takeover bid for Germany’s Scout24 led by Hellman & Friedman and Blackstone in May of this year failed as it did not secure the required support of 50 percent of shares.
German media recently reported that Hellman & Friedman and Blackstone Group are selling their Scout24 shares to institutional investors for a staggering sum of €348 million.
Bookrunners are indicating that, the American private equity firm and Blackstone’s acquisition vehicle, Pulver BidCo GmbH is selling the shares, at an indicated price of 52 euros per share.
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