Seur agreement falters

It has been reported that Vista Capital, the private equity company co-owned by Banco Santander Central Hispano (BSCH) and the Royal Bank of Scotland (RBS), may back out of the agreement to acquire Seur. It is understood that, following an audit carried out by Andersen, the company value is lower than the Eur600m acquisition price offered in the original agreement. According to published sources, this discrepancy between the price offered originally and the company’s real worth is due to the complex structure of the firm, which comprises a parent company and 82 franchises. According to the Spanish press Vista Capital has made a new bid for Seur, for approximately half of the original offer, which has been rejected by the company’ s owners.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Southern Europe