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Deals Rumor Mill: World Duty Free, Warburg Pincus

By Benjamin Horney (March 23, 2015, 6:36 PM EDT) -- The Qatar Investment Authority, Qatar's sovereign wealth fund, plans to join forces with Dufry AG to make a bid for a majority stake in Italian travel retailer World Duty Free Group, according to a Monday report from Reuters. According to the report, binding offers for the 50.1 percent stake that is up for grabs are expected to be in by the end of this month. Previous reports have speculated a deal for the stake could reach as 4 trillion won ($3.61 billion). Other previously reported potential bidders include Lotte Group, Sunrise Duty Free, KKR & Co. LP and CVC Capital Partners....

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