Europeans buy Intelsat for $5 billion

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• European/US private equity consortium buys Intelsat in deal valued at $5bn - An unusual alliance of US and European private equity firms has won the auction to buy Bermuda-based satellite business Intelsat. Europeans Apax and Permira and US firms Apollo Management and Madison Dearborn will pay $3bn for the business and assume $2bn
• $15 Billion European Bank Deal Expected - ONDON, July 25 - Banco Santander Central Hispano agreed on Sunday to buy Abbey National of Britain, in a mostly stock deal worth more than £8.5 billion ($15.6 billion), according to two executives close to the negotiations.
• Boeing says two European carriers to buy 10 7E7s - SEATTLE -- Blue Panorama of Italy and First Choice Airways of the United Kingdom plan to buy 10 Boeing 7E7 passenger jets at terms that remain under negotiation, the manufacturer announced Wednesday.

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