05.05.2016 12:08:58
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Baring Private Equity Asia To Acquire 35% Stake In TELUS International
(RTTNews) - TELUS (T.TO, TU) announced it has reached an agreement with Baring Private Equity Asia, for it to acquire a 35 percent stake in TELUS International, a global provider of customer service, IT, and business process services. The agreement values TELUS International at C$1.2 billion, with TELUS Corporation shareholders retaining a 65 percent interest in the business.
TELUS said it intends to retain a long-term majority ownership position in TELUS International.
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