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Breakingviews - Ardian mobile towers pounce would be a mouthful
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Ardian's mobile towers takeover in Italy looks a stretch. The French private equity firm is in the early stages of exploring a bid for 11 billion euro INWIT , in which it already holds a 28% indirect stake, Reuters reported on Wednesday. Buying the rest could cost Ardian 10 billion euros, assuming a modest 20% premium. It would also need UK telco Vodafone to sell the 33% stake it indirectly controls.
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