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Fri, May 5 2017

TPG pulls out of SriLankan Airlines bid talks - airline chairman

COLOMBO, May 5 U.S. private equity firm TPG, one of three bidders short-listed to buy a 49 percent stake in state-owned SriLankan Airlines, has pulled out of talks about the potential acquisition, the chairman of the national carrier said.

Australia's Fairfax Media shares jump on report of potential TPG bid

SYDNEY U.S. private equity group TPG Capital is weighing whether to make a takeover offer for Australia's Fairfax Media Ltd as the target proceeds with plans to spin off its real estate classified advertising arm, The Australian Financial Review reported on Wednesday.

Playa Hotels to be bought by TPG-backed firm

A blank-check company backed by private equity firm TPG, Pace Holdings Corp , is buying resort owner Playa Hotels & Resorts BV, creating a publicly listed firm with an enterprise value of about $1.75 billion, the companies said.

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