Asian investment firm HSG (HongShan Capital Group, formerly known as Sequoia China) is currently leading the bidding to acquire the 45% stake in Leica Camera AG held by Blackstone Inc., said a report by Bloomberg.
Sources familiar with the matter have revealed that HSG is in negotiations with Blackstone to purchase the latter's 45% stake in Leica. Should Austrian billionaire Andreas Kaufmann decide to sell, HSG also intends to acquire the remaining 55% stake from him, and may ultimately seek to take Leica public again.
According to another Bloomberg report from January this year, Leica is valued at approximately €1 billion (around US$1.2 billion). Deliberations are still ongoing, and there is no certainty that a final agreement will be reached. An official announcement, if any, may take several weeks to be released.
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