UK - Carlyle to complete full exit from Qinetiq
The Carlyle Group is to dispose of its remaining 10.3% stake in Qinetiq, the former Ministry of Defence laboratories. Qinetiq was floated on the main market of the London Stock Exchange with a market capitalisation of £1.4bn in January 2006 at which point Carlyle reduced its stake earning £194m. The completion of a full exit is expected to see the investor bag more than £330m in total from the asset.
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