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Image header Agence Europe
Europe Daily Bulletin No. 8576
Contents Publication in full By article 39 / 45
TIMETABLE / (eu) equipment goods

The Swiss-Swedish conglomerate ABB is going to sell off its activities in its equipment business for the oil and gas industry, in the framework of an ambitious refinancing plan. These activities involve 7,500 people and will be bought up for between USD 925 and 975 million dollars by a consortium composed of investment fund CANDOVER, JP MORGAN PARTNERS and 3I.

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