Coles confirms talks with U.S.-based TPG to buy Greencross Pet Wellness
Coles confirms talks with U.S.-based TPG to buy Greencross Pet Wellness July 1 (Reuters) - Australia's Coles Group COL.AX confirmed on Wednesday that it is in discussions with U.S.-based private equity giant TPG for a potential acquisition of Greencross Pet Wellness Company, sending its shares to a two-week low.
The Australian Financial Review had reported earlier in the day that Coles was in advanced discussions with TPG to acquire the private equity-backed pets and vets business.
(Reporting by Shivangi Lahiri in Bengaluru)
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