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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

Published Thu, Jan 11, 2018 · 09:50 PM

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 bidders competing for the Apple contractor, according to sources, who asked not to be identified because the information is private.

The sale has al…