6/20/2013

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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