Reuters - PE Owners Sell Stake in TDC
The main owners of Danish telecom operator TDC have agreed to sell shares in the company worth about 3.28 billion Danish crowns ($588.67 million) at recent prices, Reuters wrote. NTC Holding - a consortium of investment Apax Partners, the Blackstone Group LP, Kohlberg Kravis Roberts, Permira Advisers and Providence Equity Partners - will sell 80 million shares, or about 10 percent of TDC's share capital, TDC said in a statement late on Thursday. The former state-owned monopoly operator said it will not receive any of the proceeds of the accelerated offering.
8 February 2013•1 min read
