Saturday, September 30, 2006

Carlyle poised to bid for Libyan oil giant, says son of Gaddafi

US private equity group with links to leading Republicans in talks to buy state-controlled Tamoil, valued at €3bn

US private equity giant Carlyle is in talks to acquire Libya's state-controlled oil refining and marketing operation, Tamoil.

Al-Saadi Gaddafi, the son of Colonel Muammar Gaddafi, the country's long-time leader, said Carlyle was one of four or five groups involved in an international tender to buy 100 per cent of Tamoil. It is thought the business will fetch close to €3bn (£2bn).

U.S. drops Libya from list of terrorist countries

The above makes much more sense in light of the Carlyle acquisistion...doesn't it?~!

UPDATE 9/30/06: Carlyle Group triumphs in $3bn Tamoil auction


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