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Tsinghua Unigroup Said in Talks on $2.5 Billion Linxens Deal

  • State-linked technology giant pursues French component maker
  • Chinese company could announce agreement in next couple weeks
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Tsinghua Unigroup Ltd., the state-linked Chinese technology giant, is in advanced talks to acquire French smart-card components maker Linxens, people familiar with the matter said.

The Beijing-based company could announce an agreement with Linxens’s owner, private equity firm CVC Capital Partners, as soon as the next couple weeks, according to the people. Tsinghua Unigroup has been discussing a potential valuation of about 2.2 billion euros ($2.5 billion) for Linxens, the people said, asking not to be identified because the information is private.