Buyout group Cinven to buy France's Labco for 1.2 bln euros -source

May 27, 2015 6:54 PM

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May 27 European private equity firm Cinven has agreed to buy French medical diagnostics provider Labco SA for 1.2 billion euros ($1.31 billion), a person familiar with the deal told Reuters.

A buyout deal for Labco comes two weeks after the company abandoned plans for a 545 million euro initial public offering on Euronext Paris, citing "volatility across global financial markets."

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