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International Power sells Czech units

Posted on July 1, 2009 6:30 PM
Energy group International Power plc of London agreed Wednesday to sell its Czech operations to central European buyout shop J&T Finance Group AS for £738 million ($1.2 billion).

The acquisition is the second in quick succession in the energy sector for J&T, which in February bought German mining and power business Mibrag BV for €404 million through its Czech power group joint venture, CEZ.

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