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Adveo accepts binding offer

January 4, 2019

Following its declaration of bankruptcy in November 2018, after the failure of several takeover attempts, Adveo has now revealed that it has accepted a binding offer.

As Reuters reports, Adveo stated that it had received and accepted a binding offer from “investment funds managed by Sandton Capital Partners”.

This offer is for the acquisition of “certain assets and units of Adveo” and is for between €13.3 million and €13.5 million.

The companies that fall under this deal are named as Adveo France SAS, Adveo Italia SPA, Adveo Belgium NV and Adveo Global Services SL; it does not incorporate acquisition of stakes in Adveo Espana, Adveo Digital Systems Portugal, Adveo Deutschland or Adveo Group International.

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