ABN AMRO Capital partial exit

ABN AMRO Capital has made another partial exit from its investment in the French industrial holding company De Dietrich et Cie, which it bought as part of a public-to-private (PtP) transaction in July 2000, for some E420m. This time the exit is from De Dietrich Thermique, a heating division, which ABN AMRO Capital has sold to REMEHA, the heating equipment company based in Apeldoorn in The Netherlands.

This is the second exit from the De Dietrich PtP, the first being when ABN AMRO Capital sold the company’s railway division to Vossloh, the German railway company, in September 2002. Terms have not been disclosed for either sale.