Altarea To Make $142M Bid For French Online Retailer

Law360, New York (October 27, 2011, 5:44 PM EDT) -- Real estate investment company Altarea Cogedim has agreed to purchase private equity firm Apax Partners LLP's stake in Rue du Commerce SA as part of a proposed €100 million ($142 million) deal to buy the French online retailer, the REIT said Thursday.

A subsidiary of Altarea has agreed to buy Apax Partners' 24.1 percent stake in Rue du Commerce for €9 per share, Altarea said in a statement. In addition, the online retailer's founders will exchange their company stake for shares in the new entity, and Altarea will make a €9...
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