Cerberus Capital to offload Stroer stake in Eu400m IPO
Cerberus Capital Management will sell down its 15% stake in Stroer Out-of-Home Media in the outdoor advertising firm’s coming Eu400m IPO. This week Stroer announced plans for a Frankfurt listing, hoping to sell Eu275m in new shares to cut its Eu540m debt.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts