FRANCE – LBO France rumored to seek sale of Cegelec
It is believed that LBO France has hired Rothschild & Co and Hawkpoint Partners Ltd as advisors for the possible sale of Cegelec, a company it values at EUR 1.8bn.
Cegelec is a Nanterre-based engineering company. It is the supplier of aircraft refueling systems to NATO forces as well as providing electrical systems for GlaxoSmithKline Plc. The company was purchased by LBO France in 2006 and generated sales of EUR 2.7bn in the same year.
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