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TDC’s private owners ‘consider sale’
10 February 2012
Danish operator’s private-equity owners consider selling part of or complete 59% stake
Providence Equity Partners
The private-equity owners of Danish operator TDC — including Blackstone, Permira Advisers, Apax Partners, KKR, and Providence Equity Partners — are considering options to sell some of their holdings in the company.
Sources told Bloomberg that the companies, which own 59% in TDC, may reduce their stake in TDC via a block sale, which would be based on TDC’s stock performance.
The firms have also reportedly discussed a complete sale with investment banks, looking at potential strategic buyers or other equity firms. The current rebound in European stock markets would probably make it less difficult for the owners to sell shares.
TDC’s share price values the private equity companies’ shares at $3.9 billion. GTB
Further reading from Global Telecoms Business:
TDC to raise $4bn in sale and buyback 26 Nov 2010
TDC picks Ericsson for LTE contract 09 Nov 2010
TDC sells Swiss unit to CVC for $3.3bn 17 Sep 2010
France Telecom and TDC drop Swiss merger 04 Jun 2010
Denmark's TDC plans stock listing 12 Jan 2010