Australia's Bapcor confirms receipt of $1.2 billion offer from Bain Capital

Bapcor

11/06/2024 24:02

June 11 (Reuters) - Australia's Bapcor  BAP.AX  on
Tuesday confirmed it has received a non-binding indicative
proposal from private equity firm Bain Capital to buy the
automotive parts retailer in a deal that values its equity at
A$1.83 billion ($1.21 billion).

($1 = 1.5135 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru; Editing by Vijay
Kishore)
 ((Roushni.Nair@thomsonreuters.com;))