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Search resuls for: "Greencross"


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SYDNEY, Nov 22 (Reuters) - Australasian pharmaceutical distributor EBOS Group (EBO.NZ) has shelved a A$3.75 billion ($2.4 billion) deal to buy Australian vet chain Greencross, sending its shares down 7% during early trade on Wednesday. EBOS was due to pay A$3.75 billion to acquire Greencross, and was set to raise about A$2 billion as early as Wednesday, said one of the sources who could not be named discussing confidential information. The capital raising and associated buyout was put on hold because of weaker than expected demand from EBOS investors, the second source said. TPG and Greencross did not immediately respond to a request for comment. U.S. private equity TPG bought Greencross in 2019 and delisted it from the ASX in a deal worth A$669 million.
Persons: EBOS, Greencross, Scott Murdoch, Marguerita Choy, Stephen Coates Organizations: SYDNEY, EBOS, TPG Capital, TPG, Greencross, City Farmers, Liontown Resources, Thomson Locations: Australia, New Zealand, Albemarle, Sydney, Bengaluru
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