Investing.com -- Private equity firm Cinven has enlisted Goldman Sachs Group Inc (NYSE: GS ). and UBS Group AG (NYSE: UBS ) to organize a potential sale of telecom operator Ufinet Group, according to Bloomberg, citing sources who wish to remain anonymous due to the private nature of the information.
The Madrid-based Ufinet Group is being valued at approximately €6 billion ($6.7 billion) by Cinven for a potential deal. Those familiar with the matter suggest that a formal sale process could commence after the summer.
It is important to note that discussions are still ongoing and Cinven has the option to retain the asset for a longer period, the sources added.
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