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Upnor Closes Divestment of Infrastructure Business

Jun 19 2008

Uponor has today closed the deal, announced on 9 May 2008, concerning the divestment of its UK and Irish infrastructure business to 3i, Europe's leading mid-market private equity company, and funds managed by 3i.

The net sales of the divested business was EUR 169.1 million in 2007,employing a staff of 470 persons. The enterprise value of the deal amounted to GBP 100 million, giving Uponor a sales gain of nearly EUR 50 million.

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