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TelecityRedbus may be for sale in 2008
04/09/2006
UK data-centre group TelecityRedbus is could be up for sale in 2008, according to CEO Michael Tobin. The group will look for a trade sale or flotation following expansion over the next two years. TelecityRedbus is owned by 3i Group, Butterfield Trust, Garibaldi Investments, Oak Hill Capital, Sputnik Group and UK2 Group. Current turnover is approx. £76m with a profit of £13m.
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