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French exits drive profits as Eurazeo targets foreign investments

Paris-listed private equity firm Eurazeo continued its move away from its home market in the first half of the year, selling two of its French portfolio companies while making investments further afield as it doubled group income.

The buyout group said the sale of French truck hire group Fraikin to rival CVC Capital Partner for €1.4bn ($1.9bn) in December, together with the disposal of a stake in satellite group Eutelsat to Spanish construction group Albertis for €614m the same month, had generated capital gains of €604m.

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