Spanish retailer Cortefiel SA's chairman Gonzalo Hinojosa says that is will bar any counterbids made for its shares in order to accept CVC Capital's €17.9 per share offer, the Bolsacinco website reported.

Hinojosa has reportedly asked advisor Goldman Sachs to veto any bids made by other companies.

Hinojosa says that there are a small handful of private equity firms, including PAI Partners, presently looking at making a counterbid.