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Editorial: CVC Creates a New Fibres Company
published in Issue 43, 4th quarter 2000
The announcement in mid-February that CVC Capital Partners, a private equity fund, intends to buy Lenzing (see page 103) came as little surprise to most industry observers. Bank Austria had been trying to relinquish its shareholding in Lenzing for several years, and news that a company backed by CVC might be negotiating to buy the bank’s shares was reported in Technical Textile Markets as long ago as December 1999.
Technical Textile Markets provides intelligence, analysis and insight on the global man-made fibre, nonwoven and technical textile industries.
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an editorial think-piece on a topical issue from an industry expert