Clessidra eyes Metroweb buyout
Buyout firm Clessidra is one of several investors in talks to buy Milan-based fibre-optic network operator Metroweb from Stirling Square Capital Partners.
Italy's third-largest mobile phone operator Wind Telecomunicazioni, Antin Infrastructure Partners and three other groups were given access to the company's financial data to help them decide whether to make a binding offer.
Clessidra will conduct due diligence on the firm, alongside Intesa Sanpaolo and F2i, and Antin, supported by Société Générale.
Lazard is running the sale process and has asked for binding bids - expected to be in the region of €430-€450m - to be handed in by the start of May.
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