Tank & Rast owners expect premium |
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Published
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Mon, 25 Jun 2007 11:10
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LONDON (Thomson Financial) - Private Equity firm Terra Firma has tested the market with a view to disposing of its portfolio company Tank & Rast, a source said without giving any details.In April, it emerged that Terra Firma had appointed Citigroup to handle the auction for the German motorway service chain.The source said Terra Firma saw 'tremendous upside' in Tank & Rast, which would have to be reflected in an offer price that was significantly higher than the original purchase price, which was estimated to be in the region of 1.4 bln usd.Otherwise, Terra might just chose to hold on to the asset, the source said.Alexander.Wessendorff@thomson.comaw/amCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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