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Announced

ION Group to acquire a 27.1% stake in Cedacri from FSI for $1.8bn.

Synopsis

ION Group, a global financial software and data firm, offered to acquire 27.1% stake in Cedacri, a provider of information technology outsourcing services, from FSI, an asset management company, for $1.8bn. ION is negotiating the final terms of its offer which will be financed through a bridge loan.

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