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United Biscuits owners choose banks for auction

LONDON (MarketWatch) — Blackstone Group L.P. (BX) and PAI Partners, the private-equity owners of United Biscuits, have appointed J.P. Morgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS) to run a GBP2 billion auction for the company, the Financial Times reported Saturday, citing people familiar with the situation.



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