Carlyle to Exit Qinetiq

The Carlyle Group plans to sell its remaining position in < ?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />UK defense and security company Qinetiq. It originally acquired a 33% stake from the British Ministry of Defense in 2002 for Gbp42.5 million, and then sold around Gbp160 million worth of shares when the Qinetiq went public last February. Carlyle still holds 67.8 million shares, which could net another Gbp140 million.