LBO France, the French private equity firm, is front runner to buy Terreal, a clay tile and brick maker, for €860m ($1bn). It has knocked three others out of the race.

Terreal is being sold by private equity owners The Carlyle Group and Eurazeo.

Caroline Meehan

The Carlyle Group

Eurazeo

Goldman Sachs

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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LBO beats three to €860m Terreal deal

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