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General

Apax seeks to improve offer for PT Portugal - report

Tuesday 4 November 2014 | 17:30 CET | News
The binding bid from Altice for PT Portugal, worth over EUR 7 billion, has led investment fund Apax to move forward with a new offer for the Portuguese operator. Diario Economico found out that Apax representatives are holding various meetings in Portugal, with the aim of strengthening interest in Oi's Portuguese assets. Besides Altice and Apax, other funds such as Bain and CVC may be in the running for PT Portugal, while market sources also mentioned interest from Telefonica and Vodafone. The daily also reports that PT Portugal's assets in Africa were excluded from the binding bid Altice

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Categories: General
Companies: Altice Europe / Oi / PT Portugal / Telefonica / Vodafone
Countries: Portugal
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