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CVC explores Verisure take-private bid a year after listing, FT reports

CVC explores Verisure take-private bid a year after listing, FT reports

- Buyout firm CVC CVC.AS is exploring a bid to take Swedish-listed security company Verisure VSURE.ST private, the Financial Times reported on Wednesday, citing people familiar with the matter.

The reported move comes less than a year after its stock market debut when it was listed by private equity group Hellman & Friedman at a valuation of 13.7 billion euros ($15.39 billion).

The company is now valued at 9.70 billion euros, according to LSEG data.

Reuters could not immediately verify the report.



($1 = 0.8900 euros)


(Reporting by Ananya Palyekar in Bengaluru; Editing by Vijay Kishore)

((Ananya.Palyekar@thomsonreuters.com;))

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