B&B to press for Eircom break-up

Babcock & Brown (B&B), the Australian investment fund that has made a €2.36 billion approach to buy Eircom, is going to press the government to allow it to split up the phone company.

15th April, 2006

Babcock & Brown (B&B), the Australian investment fund that has made a €2.36 billion approach to buy Eircom, is going to press the government to allow it to split up the phone company.

The fund, which has joined forces with the Employee Share Ownership Trust (Esot) to bid for the phone company, is likely to pursue its planned strategy of breaking up Eircom, selling off its mobile phone subsidiary, Meteor, and retaining its...

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