Racal sale hope

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The Independent Online
Racal sale hope

Racal Electronics could announce the sales of its loss-making Data Communications subsidiary this week. The most likely buyer is said to be Platinum Equity Holdings of the US and the likely price is in the region of pounds 60m-80m which would leave Racal nursing a loss of up to pounds 200m when its results for the year to 31 March are announced. Racal Telecommunications leads the consortium which last week was awarded a pounds 1bn contract to overhaul communications on the London Underground system.

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