AMRO buys U.K. Priory Group

LONDON: Priory Group, a chain of clinics in Britain best known for helping stars to kick drug addictions, has been bought by Dutch bank ABN AMRO in a deal worth $1.5 billion. Priory, which owns its facilities and also yields a stable cashflow, attracted interest from property investors, private equity and trade bidders as well as ABN AMRO NV, a source familiar with the situation said on Tuesday.

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