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Charterhouse puts Lucite up for $2bn sale

Charterhouse, the UK buy-out firm, has hired Deutsche Bank to explore sales options for Lucite, which could value the acrylics group at up to $2bn (€1.5bn).

Charterhouse acquired Lucite from ICI in November 1999 through a €268.4m ($358m) equity investment that valued the group at €810.3m, including debt.

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