A consortium of investors to acquire Musti Group for €868m.

A consortium of investors including Jeffrey David, Johan Dettel, David Rönnberg and Sonae SGPS, a retail company that operates in food and non food retail stores, offered to acquire Musti Group, a pet care firm that provides pet items, for €868m. "We are excited about this opportunity and look forward to, together with Sonae, focus on long-term value creation in the next chapter of Musti's journey, a development phase which will need to be supported by further investments and a different capital structure, and hence we believe is best executed in an unlisted environment. We believe that the company, its employees and stakeholders will benefit from a committed and long-term strategic shareholder that provides capital, support and agility for further market share gains in the Nordics and materialise the potential for broader international expansion," David Rönnberg, Musti CEO.