Olympus Capital Asia is looking to sell its stake in Li Tong Group, a recycler of Apple iPhones, Bloomberg reported. A sale could value Li Tong at between $750 million to $1 billion, the story said. Bain Capital and Blackstone are bidding for the company, while the sale has also attracted initial interest from Silver Lake, Bloomberg said.
Source: https://www.pehub.com/2018/01/bain-blackstone-bid-for-li-tong-group-bloomberg/
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