B&B lines up UBS to sell eircom, paper says

24 Nov 2008

Australia’s Babcock & Brown Capital is reportedly poised to appoint UBS to sell its stake in Irish incumbent eircom, writes the Sunday Times without revealing the source of its information. BCM, the investment fund that holds a majority stake in eircom and is partly owned by Babcock in Australia, recently agreed to buy itself out of the parent (i.e. Babcock & Brown Capital) and look to sell off eircom, which could raise up to EUR2 billion (USD2.5 billion), despite the difficult financial climate.

Ireland, eir