Swiss retailer Jelmoli on Thursday confirmed it had received an initial approach by its majority shareholder Pelham Investments, which may or may not lead to a public offer. The statement came after media speculation that Pelham, the investment vehicle of Swiss billionaire Georg von Opel, was looking to make an offer for the entire company. Jelmoli added that it 'deems a potential offer far from certain'.
Swiss retailer Jelmoli on Thursday confirmed it had received an initial approach by its majority shareholder Pelham Investments, which may or may not lead to a public offer. The statement came after media speculation that Pelham, the investment vehicle of Swiss billionaire Georg von Opel, was looking to make an offer for the entire company. Jelmoli added that it 'deems a potential offer far from certain'.
Pelham itself confirmed it had made a ‘non-binding information request’ to Jelmoli, but declined to comment on the likelihood of a bid.
Jelmoli is currently embroiled in a legal battle with a consortium of property companies, including AIM-listed Delek Global Real Estate, after the consortium withdrew its EUR2.1bn bid for Jelmoli's property portfolio in the wake of the credit crisis.
