NL - CVC and AlpInvest exit entire shareholding in Wavin

CVC and AlpInvest had already exited part of their stake in October 2006 in a controversial flotation which, priced at EUR 11 per share, the bottom of the EUR 11-13.50 range, raised EUR 371m, substantially less than the EUR 641m it would have received if shares had been priced at the top of the range.

The private equity firms acquired approximately 50% of Wavin in 1999 from Shell. In September 2005, they acquired the remaining stake in the company from the WMO, a group of municipalities and provinces in the Eastern part of the Netherlands.

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