Investor groups ready bids for Tank & Rast: Reuters

Investor are readying bids for German motorway service station group Tank & Rast, in a deal worth up to US $3.8 billion, Reuters published in late March citing “sources familiar with the transaction”.

Investors from Allianz, Munich, Abu Dhabi Investment Authority and Borealis plan to make an offer by April, according to the information.

Also, a Canadian pension fund as well as Singapore sovereign fund are working on a joint offer; Reuters added citing its sources which it did not name.

Terra Firma has hired investment banks to seek buyers.