The proposed sale of ParexGroup, the industrial mortars business of construction company Materis, has stalled after the highest bids only reached €800 million. Materis and its private equity backer Wendel earlier asked for €1 billion for Parex.
Pamplona Capital Management
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Pamplona capital management purchased 8.8 percent in Nabors Industries Ltd
A fund backed by Russian billionaire Mikhail Fridman's Alfa Group has bought 5 percent in UniCredit.
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