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HIG Europe latest to shelve deal amid macro uncertainty

Decision to pull €500 million German chemical company sale among a number of deals across Europe pulled or stalled in recent weeks

HIG Europe has become the latest buyout firm to shelve plans to sell one of its portfolio companies as firms delay investment decisions amid growing macroeconomic uncertainty following Brexit.

HIG has pulled the sale of German chemical company HCS Group, for which it hoped to get approximately €500 million, in recent weeks, people familiar with the matter said.

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