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Douglas

October 16, 2012

The long-running sales saga at German retailer Douglas finally appears to be coming to an end, with Advent International teaming with the Kreke family to buy out shareholders. Meanwhile two other family-controlled businesses are weighing up their shareholdings in subsidiaries. 

The long-running sales saga at German retailer Douglas finally appears to be coming to an end, with Advent International teaming with the Kreke family to buy out shareholders. Meanwhile two other family-controlled businesses are weighing up their shareholdings in subsidiaries.

American buyout firm Advent offered €1.5 billion to buy Douglas Holding after almost a year of talks and months of speculation. The bid was worth about €38 a share.

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