CVCI part exits JBF to parent
CVC International has reportedly sold roughly two thirds of its remaining stake in JBF Global Singapore, a polyester chip maker, to its Indian parent, JBF Industries, for some $60 million.
CVCI originally invested $118 million in the business in mid-2007, following a 2005 joint investment with IL&FS Investment Managers in the Indian parent for $17.56 million, and made a further $125 million...
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