Private equity firm buys French homebuilder for EUR 601m

By A staff reporter 2007-05-23T00:00:00

French private equity firm PAI Partners is to pay EUR 601 mln for a 49% stake in Kaufman & Broad, the largest homebuilder in Paris. The interest is being sold by its struggling American parent KB Home for EUR 55 a share. PAI is also buying stock from Kaufman & ...

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