HSBC sells Mira Showers for £301 mln

It was reported by foreign sources that HSBC Private Epuity, the subsidiary of HSBC (0005) would sell the UK famous bathroom products manufacturer Mira Shower to the US bathroom products manufacturer Kohler Co. for £301 mln. HSBC Private Equity acquired Mira Showers while it acquired Caradon Plumbing at £420 mln last November. HSBC Private Equity would continue to develop the rest business of Caradon, such as the businesses of cookers and radiators.

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