Thursday, March 22, 2007
EurotaxGlass' owners pull-out of Auto Trader bid
CANDOVER, the venture capital group and owner of EurotaxGlass', has pulled out of the race to buy into Auto Trader.
The Times says that final bids for a near half-share in the £1bn-rated Auto Trader operation (part of Guardian Media Group) are due today.
Candover believes the Auto Trader empire is now too expensive to be worth chasing, the newspaper said.
CVC, Apax and Blackstone are said to be still in contention.
DATED: 22.03.07
FEED: AW
The Times says that final bids for a near half-share in the £1bn-rated Auto Trader operation (part of Guardian Media Group) are due today.
Candover believes the Auto Trader empire is now too expensive to be worth chasing, the newspaper said.
CVC, Apax and Blackstone are said to be still in contention.
DATED: 22.03.07
FEED: AW
