April 24, 2018 / 6:19 AM / 6 months ago

CityFibre agrees $750 mln takeover by new consortium

LONDON, April 24 (Reuters) - British fibre broadband company CityFibre said on Tuesday it had agreed to be acquired for 538 million pounds ($750 million) in cash by a consortium formed by Antin and West Street Infrastructure Partners.

The consortium will pay 81 pence for each CityFibre share, a 93 percent premium to the closing price of 42 pence a share on Monday, CityFibre said. ($1 = 0.7174 pounds) (Reporting by Paul Sandle, editing by James Davey)

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