CVC favourite to clinch €1.4bn Ruhrgas deal

Private equity firm CVC Capital Partners is close to buying metering unit Ruhrgas Industries from Germany utility E.ON for up to €1.4bn ($1.73bn). One senior banking source close to the sale said a deal was "imminent" and is expected to be signed today or tomorrow.

The banking source said: "They [CVC] are the only ones negotiating with E.ON."

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