Tuesday, July 24, 2007

UPDATE 1-Carlyle, partners to buy Applus+ for $2 bln

(Reuters) - Agbar, which holds 53.1 percent of Applus+, said it would
make net capital gains of 210 million euros from the sale to
private equity firm Carlyle and a group comprising Caixa de
Catalunya, Caixa de Manresa, Caixa de Terrassa, Caixa de
Tarragona and the Real Automovil Club de Catalunya.




Power company Union Fenosa , which has 25 percent of
Applus+, and savings bank Caja Madrid have also agreed to sell
their shares in the deal, which values 100 percent of Applus+ at
1.48 billion euros.


Read more at Reuters.com Mergers News

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