British taxpayers profit in Actis private equity deal

The British government is selling its stake in emerging markets private equity group Actis in a move that could pull in tens of millions of pounds for British taxpayers, reversing what it viewed as a poor deal under the previous government. Actis, one of the largest private equity investors in the world's poorest countries, said on Tuesday it is buying out the government's 40 percent stake in the company for 8 million pounds ($13 million) in cash. CONTINUE AS YOU ENTER THE WORLDS @XE @REUTERS

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