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Announced

Sandton Capital Partners to acquire a 50.99% stake in STEN from Banco Santander, CaixaBank and Banco de Sabadell.

Synopsis

Sandton Capital Partners, an investment management firm, agreed to acquire a 50.99% stake in STEN, a construction firm that designs, manufactures, markets, sells, and rents formwork systems, shoring, and scaffolding systems, from Banco Santander, CaixaBank and Banco de Sabadell. Financial terms were not disclosed.

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