Australian supermarket group Coles has confirmed it is in talks to acquire Greencross Pet Wellness from US private equity firm TPG, according to a report by Reuters.
TPG is reportedly seeking around AUD4bn ($2.76bn) for the pets and veterinary care business, matching the valuation it had targeted for a potential listing, according to the Australian Financial Review.
Coles said discussions remain incomplete and there is no certainty that a transaction will proceed. The company said it would only...
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