Auction race – KKR cancels at Zooplus – economy

US financial investor KKR has pulled out of the multi-billion auction race for Munich feed trader Zooplus. KKR does not wish to continue discussions on a takeover “in view of the latest developments,” Zooplus said. Financial investor Hellman & Friedman had just improved its offer on Zooplus from half a billion to nearly 3.3 billion euros, the acceptance deadline for Zooplus shareholders has been running since Tuesday. So far, Swedish investor EQT has also shown interest. Zooplus has benefited enormously from the pandemic, more and more people are having pets and spending more on them.

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