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Firms to Sell Stake in Nalco

2:19 PM MDT | July 30, 2007 | Chemical Week Editorial Staff

New York-based private equity firms Apollo Management, The Blackstone Group, and GS Capital Partners have agreed to sell their remaining shares in Nalco Holding, according to a recent SEC filing. The firms have agreed to sell a total of about 18.13 million shares, or about a 12.7% stake in Nalco, the filing says. The private equity firms will realize about a $1.68-billion profit on their nearly $1-billion investment in Nalco in 2003 when they bought the company from Suez, analysts...

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