Providence expected to net €42m from eircom shares disposal

Venture capitalist firm Providence has placed 27.7 million of its shares in eircom with institutional investors. The placing is expected to net Providence about €42m.

Providence expected to net €42m from eircom shares disposal

Venture capitalist firm Providence has placed 27.7 million of its shares in eircom with institutional investors. The placing is expected to net Providence about €42m.

Providence, one of the investors who took eircom private, placed the shares through Morgan Stanley and Davy Stockbrokers on Tuesday.

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