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Arcapita drops Viridian sale

28 November 2008

Arcapita has ditched its planned £2 billion ($3.06 billion) sale of Irish power company Viridian. The failed auction was being handled by Dresdner Kleinwort.

Bahrain-based Arcapita blames the failed auction on the credit crunch. While some offers for Viridian were in...

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