Deals
Amplifon Said to Compete for Hearing-Aid Retailer AudioNova
- Italian competitor said to have secured financing for bid
- Sale may fetch 500 million euros for Audionova owner HAL Trust
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Italian hearing-aid company Amplifon SpA is bidding for AudioNova International BV to expand its network in Europe, setting up a potential contest with rival audiology companies, according to people familiar with the matter.
Amplifon is working with advisers and secured financing for a potential acquisition, said the people, who asked not to be named because the deliberations are private. No final decisions have been made and Amplifon may decide against a purchase, they said. Spokesmen for Amplifon and AudioNova’s owner HAL Trust declined to comment.