CVC in talks to buy Philippines BPO asset – report
CVC Capital Partners is reportedly in exclusive talks to buy a majority stake in SPi Global Holdings from Philippine Long Distance Telephone (PLDT). The deal is worth about $320 million including debt.
PLDT put an 80% stake in business process outsourcing (BPO) unit SPi up for sale last year as part of efforts to divest non-core assets. It announced in a December regulatory filing that a deal was in...
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