Private equity firms 3i and Allianz Capital Partners may put the auction of ferry group Scandlines on hold after failing to agree on a price with the remaining bidder, a person familiar with the process said. ACP and 3i are seeking 1.4 billion euros ($1.8 billion) for the Baltic ferry operator while another private equity investor TPG is offering only 1.3 billion euros, the source said, speaking on condition of anonymity.3i, ACP and TPG declined to comment.Separately, the chief executive of Scandlines peer DFDS told Danish news agency Ritzau that he was still interested in taking over activities from Scandlines despite having officially dropped out of the auction last week.3i and ACP paid 1.5 billion euros for Scandlines at the peak of the takeover boom in 2007, backed with 1.28 billion euros of debt, according to Thomson Reuters LPC data. Another minority investor in the deal was bought out in 2010.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $32.71. In the past year, the shares have traded as low as $26.71 and as high as $35.40. On average, 1082440 shares of TRI exchange hands on a given day and today's volume is recorded at 0.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.67% or $0.23/share to $34.38. In the past year, the shares have traded as low as $26.65 and as high as $36.75. On average, 1085900 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 244009.
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