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Metso, Pentair the Favorites to Acquire L&T Valve Business

Monday, June 15, 2015  
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Metso and Pentair have emerged as frontrunners to acquiring the valve business of L&T for around $500 million, sources close to the negotiations tell The Economic Times.

 

“The company, formerly known as Audco India, is a wholly owned arm of L&T and provides flow-control solutions to sectors such as oil & gas, power, petrochem, chemicals, fertilizers and pharmaceuticals.” More...


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