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Bloomberg
Goldman Sachs Group Inc. is in exclusive discussions to buy the B&B Hotels chain from European buyout firm PAI Partners.
The transaction is expected to close in the second half of this year, PAI Partners said in a statement on Monday, without providing any financial details. Goldman Sachs is doing the
deal through its merchant banking division, according to the statement.
The announcement confirms a Bloomberg News report last week that the Paris-based private equity firm was close to a deal to sell the hotel chain for about 2 billion euros ($2.2 billion) to the lender, citing people familiar with matter.