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Assetco, Fire Engine Owner, Rejects Second Bid, Times Reports

Assetco Plc, the owner of London’s fire engines, has rejected a second takeover approach from an unidentified Arab investor, the Sunday Times reported, without saying where it got its information.

The investor offered 20 pence a share and repayment of some of the company’s debts, the newspaper said. The bid was rejected in favor of raising money from shareholders, the Times said.

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