Bidder race – KKR cancels at Zooplus – economy


The US financial investor KKR has dropped out of the multi-billion bidding race for the Munich animal feed trader Zooplus. KKR does not want to continue talks about a takeover “in view of the latest developments,” said Zooplus. The financial investor Hellman & Friedman had just improved its offer for Zooplus by half a billion to almost 3.3 billion euros, the acceptance period for Zooplus shareholders has been running since Tuesday. So far, the Swedish investor EQT has also been interested. Zooplus has profited massively from the pandemic, more and more people have pets and are spending more on them.

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