Delachaux cancels its IPO after CDPQ buys CVC out

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Delachaux cancels its IPO after CDPQ buys CVC out

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Eiffel Tower and bridge Iena on the river Seine in Paris, France | Givaga/Givaga - Fotolia

The Paris IPO of Delachaux Group, the French maker of railway equipment, has been called off after CVC agreed to sell its stake in the company to Caisse de dépôt et placement du Québec (CDPQ) for an undisclosed price.

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