PE firms to sell shares in TDC
The private equity firms who together hold 88% of Danish telecoms group TDC – Blackstone, Permira, KKR, Providence and Apax Partners – plan a share sale in December and have appointed banks to coordinate the sale, according to Reuters. The five PE firms bought into TDC in 2005 for a record $18 billion. The five-firm consortium is aiming to complete the sale by the end of the year. There is no information yet on the size of the sale share.
12 October 2010•2 mins read
