Actis moves closer to full management buyout
The UK government is moving closer to the sale of its remaining stake Actis, with the private equity firm’s management team the most likely buyers after a 12-month search failed to deliver any rival bidders. However, deep divisions remain over the price of the asset.
While some analysts estimate that the Department for International Development can expect to raise up to GBP200 million ($307 million) by selling its 40% holding, others claim it will be a fraction of...
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