TDC's Private Equity Backers To Sell $2.9B In Shares OF Telecom Group - Reuters

TDC’s private equity owners are looking to sell some of their stake in the Danish telecommunications group, Reuters said. Apax Partners, Blackstone, Kohlberg Kravis Roberts, Permira Advisers and Providence Equity Partners own nearly 88 percent of TDC. Two sources familiar with the matter said the private equity owners would sell about $2.9 billion worth of TDC stock. The sellers will remain significant shareholders in TDC after the transaction.

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