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 ever leveraged buyout and the second largest worldwide.

The Sawiris' Weather Investments vehicle beat off fierce competition, including from private equity group Apax Partners and The Blackstone Group of the US.

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Blackstone Group

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Eyptian family buys Wind for €12.1bn

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