Sale of Italy's supermarket chain Esselunga scrapped for now
The family holding company controlling Italy's fourth-biggest supermarket chain Esselunga said on Wednesday it would not go ahead for now with a sale of the group after the death of its owner last week.
Ninety-year-old Bernardo Caprotti, who founded Esselunga in 1957, had started talks in recent months with at least four private equity funds - including Blackstone (BX.N), BC Partners and CVC Capital Partners CVC.UL - over a possible sale for up to 6 billion euros ($7 billion).
Separately, a source familiar with the matter said Caprotti had handed control of Esselunga to his second wife and... read more
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