June 12, 2019 / 5:35 AM / 15 days ago

KKR offers 63 euros per share to buy out Axel Springer minorities

FRANKFURT, June 12 (Reuters) - Funds controlled by U.S. private equity investor KKR on Wednesday offered 63 euros a share to buy out minority shareholders in Axel Springer in a deal agreed with the German publisher's main shareholders.

The takeover offer will be subject to reaching a minimum acceptance threshold of 20% of Springer's share capital, the bid vehicle acting on behalf of KKR said in a statement here

Reporting by Douglas Busvine Editing by Thomas Seythal

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