Scandlines Valued At $1.7B In 3i Takeover Offer

Law360, New York (September 12, 2013, 3:53 PM EDT) -- Private equity firm 3i plans to buy the remaining 50 percent of European ferry operator Scandlines AG from Allianz Capital Partners, the company announced Thursday, in a deal reportedly worth at least $1.7 billion.

After six months of negotiation and bidding from several investment firms, 3i said it had made an offer to take over Scandlines by purchasing all of Allianz Capital Partners’ shares.

3i initially bought a 40 percent stake in Scandlines in 2007 and bought another 10 percent in 2010. Allianz Capital Partners currently...
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