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Royal Bank Of Scotland - Division Sale
14/02/2005
Britax, the UK-based child seat and pushchair manufacturer, is about to be put on the market by owners Royal Bank of Scotland (RBS), according to reports. The sale could fetch up to £200m. RBS is in the process of hiring banks to advise on the sale, The UK-listed bank acquired Britax in 2001 for £441m. Britax comprises three divisions: child seats and pushchairs; aircraft seating; and car safety. It is anticipated the child seats business will be put up for sale, although private equity sources said they think RBS will eventually sell the other two divisions.
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