FRANCE - Authorities approve the sale of Taittinger
Starwood Capital, has announed it has received the approvals it required for the sale of champagne-maker Taittinger to Crédit Agricole du Nord Est.
The American GP had acquired both Taittinger and Société du Louvre in July 2005, in a deal worth EUR 2.6bn. The sale process began in January 2006 and ended in May 2006, when the winning bid was announced.
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