VOL. XXXI
NO. 4
2-NOVEMBER-1987
Financial and Banking News
INVESTMENT ACTIVITIES
RIO Sells 75% of Hays Group to Management
The London-based Kuwait Investment Office (KIO) has agreed to sell a 75%stake in one of its principal UK investments, the Hays Group, to the company'ssenior management. The deal has been finalized after seven months ofnegotiations and the involvement of Electra Candover Partners, specialists inleveraged buy-outs (LBOs) in the UK. 104 senior managers of the Guildford-basedgroup,...
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