Three bidders shortlisted in race to buy Italy's ICBPI-sources

April 3, 2015 12:35 PM

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MILAN/LONDON, April 3 (Reuters) - Three groups vying to buy Italy's Istituto Centrale delle Banche Popolari (ICBPI) have been admitted to the next round of bids, two sources close to the matter said on Friday, as the sale progresses of the 2 billion euro ($2.2 billion) banking service provider.

In the running are a group consisting of U.S. private equity firms Advent International and Bain Capital with Italy's Clessidra; a group including Britain's BC Partners and Cinven ; and a third private equity team comprising Permira and CVC Capital Partners, the sources told Reuters.

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