£627m offer wins the battle for listed telecoms giant KCOM
One of the world's biggest asset managers has taken over Hull-based telecoms business KCOM with a massive bid of £627m.
Macquarie Infrastructure and Real Assets, trading as MEIF Fibre 6, had been locked in a fierce bidding war with rival would-be buyer Humber Bidco, which is a subsidiary of the Universities Superannuation Scheme (USS).
Macquarie's win was revealed late this afternoon (July 12) at the end of a week-long auction process, where its huge bid easily trumped the Humber Bidco final offer of £589m.
Macquarie’s v... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...