RUMOR: Staples Is The Investor That Intends To Take Over EU's Adveo.

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Date: Monday September 10, 2018 10:08:49 am
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    RUMOR: Staples Is The Investor
    That Intends To Take Over Europe's Adveo Group.
    Staples Solutions is the investor that intends to take over the Adveo Group, several Spanish media announced last Friday.
    (Google Translated)
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    According to him, Comrade Nacional del Mercado de Valores (CNMV) has informed Adveo that the company that wants to buy and capitalize its debts is Staples Solutions, based in the Netherlands. Staples Solutions had "made a non-binding proposal for the acquisition of the entire financial liabilities of the company." At the same time, it was stressed that it was too early to know whether the transaction would be finalized: "This non-binding proposal assumes that Staples Solutions BV has achieved a satisfactory result of the due diligence process, fulfilling certain standard conditions for this type of transaction Transaction and, where appropriate, the negotiation of the final agreements ", Adveo is quoted in the Spanish media.
     
    The Adveo Group had informed the Spanish Securities and Exchange Commission on 5 September that an "international industrial investor" had signaled interest in the takeover, including all debts, without mentioning the name of the investor. Staples Solutions has been part of the investment company Cerberus Capital Management since the beginning of 2017, when it was sold by the American parent company Staples Inc. Even before the sale, Staples was also active in the wholesale business in Europe.
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