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LVMH in talks to buy Dutch luxury yacht maker

Mon Sep 1, 2008 1:26pm EDT

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PARIS, Sept 1 (Reuters) - French luxury group LVMH (LVMH.PA) said on Monday it was in exclusive talks to buy Dutch yacht maker Royal van Lent.

The talks with owner Egeria, a Dutch investment firm, are based on an acquisition price worth approximately 11 times net profit.

The shipyard markets luxury yachts which sell for an average 30 million euros ($44 million) each.

The estimated price equates to a transaction value of less than 500 million euros, a source familiar with the talks said. (Reporting by Nathalie Meistermann; Editing by Quentin Bryar)



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