Coates Hire remains with Carlyle and Seven Group

06/20/2013 | Wall Street Journal, The

The Carlyle Group and Seven Group Holdings in Australia will keep their stakes in Coates Hire. The companies evaluated the equipment-leasing firm and decided that a sale would not be viable, given the unpredictability of the stock market, interest rates and currencies, Gillian Tan writes. Another factor is that construction, mining and engineering, to which Coates is exposed, are unpopular at the moment.

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Wall Street Journal, The