DANISH BABY CLOTHES RETAILER TAKEOVER APPROVED BY EUROPEAN COMMISSION
April 1st, 2008
BY KEITH NUTHALL
THE EUROPEAN Commission has approved the takeover over Denmark baby clothes retailer BabySam by Netherlands-based AAC Capital Partners, and a Danish arm of the Polaris equity fund - Polaris Private Equity.
Regulatory approval will kickstart AAC-Polaris plans to turn BabySam into "the Nordic region's leading integrated baby retail chain", by transforming "the chain of independent shops by merging 12 existing legal entities," said AAC.
It added: "The plan is to increase profitability by opening new stores, operational ...
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