Wavenet and Daisy arm to merge in £1.2bn deal with Macquarie leading the way

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Telecoms entrepreneur Matthew Riley, founder and executive chairman of Daisy Group, is reportedly in the final stages of a merger deal involving Wavenet, a company majority-owned by Australian financial giant Macquarie. According to sources, the deal will see Daisy’s Corporate Service Business demerged from the group and incorporated into Wavenet, creating a combined company with a valuation of…

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