28th Jan 2015 10:50
LONDON (Alliance News) - Shares in Serco Group PLC rose on Wednesday after The Times of India reported that four private equity groups are interested in buying its Indian outsourcing division.
Apax Partners LLP, The Carlyle Group, Baring Private Equity Asia and Everstone Capital are all interested in buying the company's Indian business, which is set to fetch around USD500 million, the paper said, citing multiple people briefed on the matter.
Shares in Serco were up 4% to 162.5 pence mid-morning on Wednesday, making it one of the best performing stocks in the FTSE 250.
http://timesofindia.indiatimes.com/business/india-business/Carlyle-Apax-Baring-enter-race-for-500m-Serco-unit/articleshow/46035280.cms
By Sam Unsted; [email protected]; @SamUAtAlliance
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