Astorg Picks Up Minority Stake in Armor-IIMAK

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Armor-IIMAK and Astorg have both announced a partnership that involves Astorg acquiring approximately 40 percent of Armor-IIMAK’s capital. The deal is described in Armor’s press release as “an exclusive negotiation agreement.” Astorg is a global private-equity firm with over €13 billion ($14.9 billion) of assets under management. Armor-IIMAK is part of the Armor Group and

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