FRANKFURT (Thomson Financial) - Private equity company Apax is still interested in buying a stake in German fashion group Escada AG., Financial Times Deutschland reported, citing people familiar with the matter.
Apax is currently examining whether Escada's shareholders Bestinver, Fidelity and Schroders are willing to sell their shares, the newspaper said.
A spokeswoman for Apax declined to comment on the matter, it said.
Escada's chief financial officer Markus Schuerholz yesterday said no potential new shareholder is currently looking at the company's books, adding there have been no talks with other potential buyers.
Last month, Handelsblatt newspaper, citing sources, reported Apax and Russian stakeholder Rustam Aksenenko planned to acquire jointly a majority stake in Escada. Aksenenko already holds about 27 pct of Escada's shares. maria.sheahan@thomson.com mas/rfw COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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