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FLSmidth becomes 'pure-play' mining OEM

Danish manufacturer sells cement division to private equity for an initial consideration of $86M

James Stent
FLSmidth is now a focused mining manufacturer

FLSmidth is now a focused mining manufacturer | Credits: FLSmidth

FLSmidth announced today (June 20) that it has sold its cement division to private equity firm Pacific Avenue Capital Partners for an initial consideration of €75 million (US$86 million). Shares in...

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