UK's Pearson Eyes Stake in India's Manipal Global - Report

Date : 07/17/2012 @ 1:09AM
Source : Dow Jones News
Stock : Pearson, (PSO)
Quote : 8.19  -0.01 (-0.12%) @ 1:30PM

UK's Pearson Eyes Stake in India's Manipal Global - Report

Pearson (LSE:PSON)
Historical Stock Chart

5 Years : From Apr 2012 to Apr 2017

Click Here for more Pearson Charts.

U.K. media group Pearson PLC (PSON.LN) and a few private equity firms have approached India's Manipal Global about purchasing a stake in the Indian education services company, the Times of India website reported Tuesday, citing at least two people directly involved with the matter.

Pearson has held preliminary discussions with Manipal Global but is only interested if a "large stake" is up for sale, the report cited one of the persons as saying.

Separately, private equity firms Apax Partners and Baring Asia are also eyeing the Manipal Global stake, but discussions are at an early stage, the report said.

Manipal Global is seeking to raise debt and equity to buy back stakes held by existing shareholders IDFC and Capital International, based on a company valuation that's in excess of $850 million, the report added.

Newspaper website: http://www.timesofindia.com

Write to djn.in@dowjones.com





Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.