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Bain To Sell SigmaKalon

Bain Capital has agreed to sell buy Dutch coatings company SigmaKalon Group to PPG Industries (NYSE: PPG) for approximately EUR 2.2 billion, including assumed debt. SigmaKalon was created in 1999 from the merger of Total's Kalon Group and PetroFina's Sigma Coatings, and was acquired by Bain in 2003. Sales have increased from approximately