TPG (NASDAQ: TPG), a U.S.-based asset manager, is close to finalizing a 7 billion euro ($7.80 billion) deal to acquire German metering firm Techem, the Financial Times reported on Monday, citing people familiar with the matter.
TPG may reach an agreement to acquire Techem from Switzerland’s Partners Group as soon as Monday, FT added.
($1 = 0.8977 euros)
(Source: Reuters)
Mary Lee is a freelance writer and journalist based in Toronto, Canada. She holds an M.S. degree in business and economic journalism from Columbia University’s Graduate School of Journalism in New York and a certificate in digital marketing from the University of Toronto.
