Rexel refuted a report last month that it was in talks about a potential acquisition by a private equity firm.
The French publication La Lettre, according to reports, wrote in mid-December that Luxembourg-based investment firm CVC Capital Partners, with assistance from Sweden-based Cervian Capital, had expressed interest in buying Rexel and was “under negotiation” with the French electrical distribution giant.
Rexel responded following the report that although it “does not intend to comment on market rumors,” the company, as of Dec. 17, had “no ongoing contacts and is not conducting any negotiations with potential buyers.”
“The company remains focused on executing its strategy and creating value for all of its stakeholders,” officials said in the statement.
Rexel rejected a buyout bid by the newly formed QXO for $9.4 billion in 2024.
