KKR vehicle in exclusive talks to buy Italy's Sirti

December 28, 2015 1:02 PM

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MILAN Dec 28 Pillarstone Italy, an investment vehicle set up by U.S. private equity fund KKR, has entered exclusive talks to buy Italian telecommunications group Sirti, it said on Monday.

Pillarstone Italy aims to purchase the technology group, which used to be listed on the Milan bourse, to reorganise it and turn it around, it said in a statement without giving financial details of the deal.

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