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UK - ABN AMRO completes MBO of Dunlop Aircraft Tyres

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ABN AMRO Capital has agreed to acquire Dunlop Aircraft Tyres Ltd. ABN AMRO Capital will take a majority stake in the business with 74.6% ownership. The transaction is expected to complete in June subject to customary approvals. Royal Bank of Scotland will provide senior debt facilities.

Birmingham-based Dunlop specialises in the design, manufacture and testing of tyres, mainly for commercial aircraft. It has a staff of 270. The world market for aircraft tyres is bouyant with air traffic having grown at an average rate of 6% per year since the 1970s. Strong growth in Asia is anticipated to ensure growth continues at this pace for the foreseeable future.
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