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Advent faces tough fight in battle for Eko Holding: report

14th September 2012
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Private equity firm Advent International will reportedly find it difficult to complete the takeover of Eko Holding, a Polish chain of supermarkets.

Advent announced earlier this week that it would be launching a call for shares in the Polish company, with the aim of securing a stake of at least 80 percent.

“The offered price is highly unsatisfactory,” an unnamed representative of Eko Holding investors told Parkiet.

Moreover, rival private equity firms Penta Investments and Mid Europa Partners are reportedly willing to pay more than the zł.199 million, at zł.4.1 per share, that Advent is offering for a 100 percent stake in Eko.

Poland A.M.

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