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Invensys separates from paper technology

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Published in issue 43/1999
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The British, London-based engineering group Invensys plc has sold its paper technology division to the private German equity investment group, Apax Partners for total proceeds of $810m. Of this amount, Invensys said it would receive $700m as cash, and $110m in the form of a loan note and contingent proceeds. In ...

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