Shares in Deutsche Euroshop surge in pre-market trade on takeover offer

Deutsche Euroshop AG

23/05/2022 07:22

BERLIN, May 23 (Reuters) - Shares in Deutsche Euroshop
 DEQGn.DE  jumped 31.2% in Lang & Schwarz pre-market trade on
Monday after a consortium of bidders offered 1.4 billion euros
($1.48 billion) to acquire the German shopping centre investor.
    Hercules BidCo's offer provides for 21.50 euros per share, a
44% premium on Friday's closing share price. 
    Hercules Bidco is controlled by financial investor Oaktree
Capital and Cura Vermoegensverwaltung, which is owned by
Alexander Otto. The entrepreneur already owns around one-fifth
of the Hamburg-based Deutsche Euroshop.

($1 = 0.9436 euros)

 (Reporting by Nadine Schimroszik, writing by Rachel More
Editing by Paul Carrel)
 ((rachel.more@thomsonreuters.com;))