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Four bidders for Allegro - Reuters

11:22

Four bidders for Allegro - Reuters
South Africa's Naspers is set to receive at least four bids for Allegro in a deal that could value Eastern Europe's number 1 auction website at up to $2.2 billion, sources familiar with the talks told Reuters. The sources said Advent had teamed with US private equity fund Hellman & Friedman; Apax Partners with Canada's CPP Investment Board; Cinven with Permira; CVC Capital Partners with US buyout group General Atlantic. Permira, Cinven, Apax, Advent, H&F and General Atlantic declined to comment, while Naspers, CVC and CPP were not available for immediate comment.

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