Announced
Financials
Tags
Diversified Retailers
Private
France
consumer shopping
Acquisition
Pending
Friendly
specialized distribution
Private Equity
Majority
Single Bidder
Synopsis
CFAO, a specialized distribution company, agreed to acquire 60% of stake in Playce (formerly SGI Africa), a pan-African property company, from Wendel (40%), leading listing investment firm, and Future French Champions (20%), a partnership between CDC International and Qatar Investment Authority. Wendel has agreed to sell its 40% holding for net proceeds of €32.2m. In line with its strategy to refocus on large assets, Wendel has agreed with CFAO to sell its holding.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.