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    Tuesday, May 26, 2009

    Electricity company to buy Eircom?

    Taken from ENN.IE
    The Irish Independent says that Bahrain-based private equity firm Arcapita, which owns electricity company Viridian, has emerged as a potential buyer for Eircom. The other private equity group involved in discussions that could lead to a sale of the beleaguered telecoms firm is CVC Capital Partners, which is housed in Luxembourg. Eircom executives are this week putting case-for-investment presentations to the two groups and Singapore Technologies Telemedia.

    Better a power/utility company take them over then the Irish Government!

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