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| KB Home sells French operations KB Home, the No. 5 U.S. home builder, has completed the previously reported sale of its entire 49% equity interest in its French subsidiary Kaufman & Broad SA ("KBSA") to PAI Partners ("PAI") for gross proceeds of approximately $800 million. The purchase price of 55.00 euros per share consists of 50.17 euros per share in cash paid by PAI and 4.83 euros per share in the form of a cash dividend paid by KBSA. write your comments about the article :: © 2007 Construction News :: home page |