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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.