CD&R in exclusive talks to buy 40 pct of Belron

Clayton, Dubilier & Rice is in exclusive talks to buy a 40 percent stake in Belron Group. The deal calls for D’Ieteren and management to retain a 60 percent ownership interest in the company. The transaction values Belron at 3 billion euros ($3.5 billion), which would drop to 1.55 billion euros after deducting debt and a 453 million euro dividend payment. Belron, of Cape Town, South Africa, provides vehicle glass repair and replacement.

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