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iEnergizer Ltd - IT service management company - Launches formal sale process to review potential buyers of the company, following confirmation on Thursday last week that it was in early talks with BPEA Advisors Private Ltd for a potential takeover.
BPEA stands for Baring Private Equity Asia. BPEA Advisors will take part in the formal sale process, and is no longer required to make a firm offer for iEnergizer before July 7.
Current stock price: 412.50 pence, down 4.0% on Monday
12-month change: up 43%
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