Private equity firms and trade buyers have put in their first-round offers for Dutch supermarket chain C1000 owned by CVC Capital Partners, The Wall Street Journal reports. BC Partners and Bain Capital were among the buyout firms that made offers to acquire the chain which is valued at approximately €1 billion.
Goldman Sachs Group is managing the sale. Rival Dutch retailers Plus and Sligro Food Group are among potential trade buyers for the business. Koninklijke Ahold is also expected to have mulled purchasing some stores. C1000 runs about 400 stores and its revenue in 2010 was approximately €3.7 billion.
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