Lone Star to buy property firm Quintain for $1.1 bln

July 29, 2015 6:23 AM

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LONDON, July 29 Quintain Estates and Development is to be bought by U.S. private equity firm Lone Star, the London property group said on Wednesday, after receiving a bid valuing the firm at around 700 million pounds ($1.1 billion).

Quintain holds land around London's Wembley Stadium, which Lone Star said represented an attractive urban renewable project.

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