Bidco

UK-based CityFibre agrees terms for cash acquisition by Bidco

UK-based alternative fibre network provider, CityFibre has agreed the terms of a recommended cash acquisition by Bidco.

Newly incorporated company, Bidco – which is indirectly owned by a consortium including private equity house Antin and Goldman Sachs’ West Street Infrastructure Partners – is paying 81p per share for CityFibre in a deal worth £537.8 million.

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