Seur falls under French control

The battle for Seur is now over, after the company's management team joined forces with French postal firm La Poste to keep out JPMorgan Partners and Bridgepoint. Seur's shareholders exercised their right to veto and retained the 21.4% stake that the company's founder, Justo Yúfera, had agreed to sell to the two private equity firms. The deal includes the firm's Madrid franchise, which represents over 18% of the group's total business. Seur's executive vice-president, Ramón Mayo, was reported to have favoured La Poste's offer over that of the private equity investors from the beginning.

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• Southern Europe