TELENT, the rump of the former GEC conglomerate that became Marconi, has agreed to a £400m takeover by a subsidiary of Guernsey-based Pension Corporation.
The deal will mean the buyout firm’s subsidiary – Co-Investment No.5 LP Incorporated (CILP), part of Pension Corporation – will take on Telent’s £3bn pension fund in the hope of making returns from...
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