Paris-listed investment group Eurazeo increased its profits after tax by almost threefold last year, spurred by the sale of two large shareholdings compared with the previous year when it sold no assets.
Net income for the group rose from â¬306m ($483m) in 2006 to â¬912m last year driven by the disposals of a stake in satellite company Eutelsat Communications and the sale of truck hire group Fraikin to buyout firm CVC Capital Partners. Capital gain from the sales was about â¬928m but the contribution to overall net income would have been substantially less after tax.
