Eurazeo to buy stake in Rhone Group for $270 mln: Wall Street Journal

Eurazeo is buying a stake in Rhone Group, according to the Wall Street Journal. The French investment house is paying $270 million for a 30 percent interest in Rhone, the story said. Eurazeo plans to issue 2 million in shares and pay $100 million in cash to finance the deal, the WSJ said.