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Reduced loan approved for Rexel buyout of Hagemeyer

French electrical distributor Rexel received approval for a $4.83 billion loan to buy out Dutch rival Hagemeyer. Rexel originally sought a loan for $8 billion, but the amount was reduced after Rexel agreed to sell some of Hagemeyer's assets to Sonepar, another French distributor. Industrial Distribution (09/25)