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Transactions - JANUARY 7, 2021

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Lone Star pulls €3.3b Quintain sale

by Andrea Zander

Lone Star has shelved the £3 billion (€3.3 billion/$4 billion) sale of its U.K. residential property company Quintain, reported The Financial Times.

“Lone Star has decided to terminate discussions because it’s crazy trying to do this deal now with the backdrop of COVID. It’s a huge asset, with a lot of financing involved,” according to the article, citing a person with knowledge of the deal.

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