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Five suitors left in auction for Pirelli network

Five private equity suitors remain in the running for Pirelli's €1.5bn ($1.9bn) cable business, according to sources close to the situation.

Goldman Sachs Capital Partners, Texas Pacific Group, Apollo, Bain and Permira will all advance to the next bidding round after making indicative offers valuing the cable network between €1.3bn and €1.7bn.

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