FRANKFURT, April 16 German industrial machinery
and process engineering group GEA Group said it has
agreed to sell its heat exchangers division, with an enterprise
value of about 1.3 billion euros ($1.8 billion), to private
equity investor Triton.
Two people familiar with the matter had told Reuters on
Tuesday that Frankfurt-based private equity group Triton had
beat out a rival consortium made up of buyout group EQT and
industrial services group Bilfinger.
($1 = 0.7234 Euros)
(Reporting by Maria Sheahan; Editing by Miral Fahmy)