Italian fiber-optic network operator, Metroweb, owned by private equity firm, Stirling Square Capital Partners, and Italian utility, A2A, has received four binding bids worth €450 million, The Wall Street Journal reports. The company received bids from Intesa Sanpaolo and F2i as well as Antin Infrastructure Partners and a unit of AXA Private Equity.
Vodafone Group made a joint binding bid with buyout firm, Clessidra and Wind Telecomunicazioni. Lazard is advising on the sale, adds Bloomberg. The sale process is expected to be completed by July 2011.
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