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Carlos Slim’s private equity fund exits Landsteiner Scientific

31 Dec 2013

Carlos Slim - AltAssets Private Equity NewsThe private equity fund run by the world’s second richest man has exited its stake in Mexican pharmaceutical business Landsteiner Scientific.

Carlos Slim’s Sinca Inbursa vehicle sold the 27.5 per cent stake to Imagina tu Crecimiento, an investment fund controlled by the group which controls Landsteiner.

Sinca Inbursa’s stake had a book value of about $22m in 2012 according to Reuters, which referenced the company’s annual report for that year.

The fund bought into Landsteiner, which focuses on treatments for diseases such as osteoperosis and diabetes, in 2008.

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