Duty-free shopping group Global Blue sells for $1.3 billion

LONDON - Silver Lake and Partners Group have agreed to buy Swiss-based tax-free shopping business Global Blue for 1 billion euros ($1.3 billion) from rival Equistone. Global BlueThe two investors beat a handful of other buyout groups including BC Partners, EQT and TH Lee to buy the fast-growing business. Headquartered in Nyon, Switzerland, Global Blue's tax-free shopping business helps overseas travellers in Europe reclaim sales tax on their shopping and offers its service through more than

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