Australian firm moves closer to eircom takeover bid

The Australian company Babcock & Brown Capital has moved closer to making a bid for eircom.

Australian firm moves closer to eircom takeover bid

The Australian company Babcock & Brown Capital has moved closer to making a bid for eircom.

The investment group has confirmed that it has now bought up more than 250 million shares in the company, giving it a stake of just over 23%.

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