LONDON — Permira, the U.K.-based venture capital group, could make a formal bid for the U.K. department store chain, Debenhams, today or Tuesday, sources said last week.

A spokeswoman for Permira declined to comment. There were press reports that Permira already had made a bid of $6.80 per share for the 362,114,467 shares, valuing the company at approximately $2.47 billion. However, the spokeswoman said, “if and when the company receives an offer, the directors will consider it.” Dollar figures have been converted from the British pound at current exchange.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus