Oak Hill Capital To Sell 12 Million TeleCity Group Plc Shares

(Reuters) – Private equity firm Oak Hill Capital is selling 12 million shares in British data-centre operator TeleCity Group Plc (TCY.L: Quote, Profile, Research, Stock Buzz) in an offering, the bookrunner said on Wednesday.

Goldman Sachs International is acting as the sole bookrunner on the offering and pricing is expected on Thursday, it said.

TeleCity shares closed up 0.1 percent at 527.62 pence on Wednesday.

(Reporting by Alex Chambers in London; writing by Paritosh Bansal in New York; Editing by Tim Dobbyn)