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BT Group reportedly in talks to sell its Irish corporate business

A private equity group is said to be interested in buying the business

BT Group PLC - BT Group reportedly in talks to sell its Irish corporate business

Heavily indebted telecommunications giant BT Group PLC (LON:BT.A) is reportedly in discussions to sell its corporate business in Ireland.

Sky News reported that the formerly state-owned company is holding talks with London-based Mayfair Equity Partners, with the asking price likely to be in excess of €300mln.

Mayfair Equity Partners provide buyout and growth capital to dynamic businesses in the technology, media & telecom and consumer sectors.

It has invested in Yo!, the fast-casual restaurant operator focusing on Japanese cuisine, and Ovo, the independent supplier of domestic energy.


 

Quick facts: BT Group PLC

Price: 187.32 GBX

LSE:BT.A
Market: LSE
Market Cap: £18.51 billion
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