British buyout firm Candover has made a €1.46bn offer for Dutch engineering group Stork.

Candover said Stork would continue its current three-pronged strategy once it had been removed from the stock exchange.
Stork has been under siege from two majority shareholders, hedge funds Centaurus and Paulson, which want to force the company to split up.
Sources say without their support, Candover’s takeover offer has little chance of success. They want Stork to focus on aerospace and sell off its industrial food processing and technical support units.
Stork chairman Sjoerd Vollebregt said he supported the ‘good and fair’ offer. Unions said they were ‘cautiously positive’ about the talks with Candover.