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Fri 11 Nov 2009Esot may have to buy €10.3m shares as part of STT deal

THE EIRCOM employee group Esot, which owns 35 per cent of the company, could have to pay up to €10.3 million to buy additional shares in the business as a condition of the sale of the company to Singapore Technologies Telemedia (STT).

This emerges in an acquisition document circulated this week to the Esot’s 12,500 members and seen by The Irish Times.

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