BBG: Deutsche Post joins $1.8bn race for Hillebrand

BLOOMBERG reports:

Deutsche Post AG has joined the bidding for German alcohol logistics company Hillebrand, according to people familiar with the matter.

The German delivery group has entered discussions with Hillebrand’s owner, private equity firm Cobepa, about a potential acquisition, the people said. Hillebrand could be valued at about 1.5 billion euros ($1.8 billion) in any deal, the people said, asking not to be identified discussing confidential information.

Deliberations are ongoing, and Cobepa could still decide to pursue a deal with a rival ...