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Lone Star to buy UK property firm Quintain

Thu, Jul 30, 2015 - 5:50 AM

London

US private equity firm Lone Star has agreed to buy British property firm Quintain Estates and Development for £700 million (S$1.5 billion) to gain one of London's few remaining large-scale development opportunities.

The cash bid of 131 pence a share is about 22 per cent...

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