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Valad Property Group (ASX:VPG) has announced the proposed sale of its European operations has fallen over.
Late last year Valad had announced that MBO Group had presented an indicative and incomplete proposal to acquire the group’s European investment management business.
The deal was said to be worth $42 million.
Valad says it has received a number of approaches in relation to its European business and will continue to evaluate the proposals.
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