Gore Group is planning to sell its stake in French network equipment and television set-top boxes provider, Sagem Communications, Bloomberg reports. The U.S. private equity firm is in discussions with Carlyle Group and other firm for the deal, which may value SagemCom at around €700 million.
Gore has appointed Goldman Sachs as a financial adviser on the transaction. Gores acquired a majority stake of SagemCom from French aerospace engines maker, Safran, for €383 million in 2008.
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