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Triton, DBAG eye German machine tool group MAG

10 Jul 2012

European buyout firms Triton Partners and DBAG are reported to be in talks to buy German machine tool group MAG, a sale that has also attracted the attention of a number of Chinese strategic buyers.

The two firms are understood to be looking at the group alongside Chinese state-backed Shenyang Machine Tool, as well as Dalian, Quier Machine Tools and YierMT Group, according to Reuters.

Goldman Sachs has been appointed to find a buyer for MAG Europe and MAG Americas – which could be sold separately – with first bids expected by September, the report said.

Although financial terms of the deal were not disclosed, MAG Europe could attract around €250m, the report added.

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