June 4, 2019 / 9:04 AM / 3 months ago

Australia's Vocus says EQT drops $2.3 bln buyout

June 4 (Reuters) - Vocus Group Ltd said on Tuesday that Swedish private equity firm EQT Infrastructure had withdrawn its A$3.3 billion ($2.30 billion) buyout offer for the telecoms company.

“Following an accelerated period of due diligence, EQT has decided not to proceed with the transaction outlined in the indicative proposal,” Vocus said in a statement. ($1 = 1.4337 Australian dollars) (Reporting by Ambar Warrick in Bengaluru Editing by Jacqueline Wong)

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