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Apple iPhone recycler 'attracting Bain, Blackstone, other bidders'

Company which also recycles equipment from other makers could be valued at up to US$1 billion, say sources

Hong Kong

OLYMPUS Capital Asia is pursuing a sale of its stake in iPhone recycling business Li Tong Group in a deal that could value the company at as much as US$1 billion, people familiar with the matter said.

Private equity firms Bain Capital and Blackstone Group are among...

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