KKR agrees to buy ATU from Doughty for $1.75 bln

Newswire

LONDON, June 30 (Reuters) - US private equity firm Kohlberg Kravis Roberts has agreed to buy German automotive company Auto-Teile-Unger (ATU) from British-based rival Doughty Hanson for $1.75 billion, Doughty Hanson said on Wednesday. ATU, which had 2003 sales of about 1.1 billion euros, operates more than 450 car parts and repairs stores throughout Germany, Austria and the Czech Republic. Doughty Hanson bought the business in July 2002. "KKR recognised the value and future potential of ...

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