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CVC Capital to buy half of Japanese broadband provider from Marubeni

2014-11-28 07:24:08| Grocery - Topix.net

Global private equity firm CVC Capital Partners Ltd said on Friday it has agreed to buy about 50 percent of Arteria Networks, a telecommunications subsidiary of Japanese trading house Marubeni Corp, for about $150 million. CVC will buy existing shares in Arteria, a provider of broadband internet access, from Marubeni and other shareholders, as well as new shares in the company, Arteria said in a statement.

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