Weather Investments, a shell company owned by the Egyptian Sawiris family today won the €12.1bn ($15.2bn) auction of Wind, the Italian telecommunications company owned by utility group Enel. The deal becomes Europe's largest leveraged buyout and the second largest worldwide.

The Sawiris' offer beat fierce competition from private equity groups Apax Partners and The Blackstone Group of the US.

Andrew Dewson

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Blackstone Group

Deutsche Bank

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Enel sells Wind in record €12.1bn deal

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