UK - Candover and First Reserve compete for Abbot Group
Candover and First Reserve have been left to fight it out for oil services business Abbot Group. The listed-business was initially approached by 3i in early October with 3i indicating it was prepared to pay up to ТЃ870m for it. However, following disagreements with management regarding post-transaction divestments, 3i has pulled out of the race.
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