{"id":641886,"date":"2013-02-08T07:15:29","date_gmt":"2013-02-08T12:15:29","guid":{"rendered":"http:\/\/www.pehub.com\/?p=185571"},"modified":"2013-02-08T07:15:29","modified_gmt":"2013-02-08T12:15:29","slug":"reuters-pe-owners-sell-stake-in-tdc","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/641886","title":{"rendered":"Reuters \u2013 PE Owners Sell Stake in TDC"},"content":{"rendered":"

The main owners of Danish telecom operator TDC<\/strong> have agreed to sell shares in the company worth about 3.28 billion Danish crowns ($588.67 million) at recent prices, Reuters<\/em> wrote. NTC Holding<\/strong> – a consortium of investment Apax Partners<\/strong>, the Blackstone Group<\/strong> LP, Kohlberg Kravis Roberts<\/strong>, Permira Advisers<\/strong> and Providence Equity Partners<\/strong> – 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.<\/p>\n

(Reuters<\/em>) – 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.<\/p>\n

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.<\/p>\n

The former state-owned monopoly operator said it will not receive any of the proceeds of the accelerated offering.<\/p>\n

Order books on the sale, for which UBS is acting as bookrunner, are expected to close on Feb. 8.<\/p>\n

NTC bought nearly 89 percent of TDC in the autumn of 2005 and sold 28.8 percent of the stock in one of the biggest share offerings of 2010 for around $2.2 billion.<\/p>\n

NTC has since reduced its stake several times. After the latest sale in November last year they reduced their ownership to 25.9 percent.<\/p>\n

($1 = 5.5719 Danish crowns) (Reporting by Johan Ahlander)<\/p>\n

The post Reuters – PE Owners Sell Stake in TDC<\/a> appeared first on peHUB<\/a>.<\/p>\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":7428,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-641886","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/641886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7428"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=641886"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/641886\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=641886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=641886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=641886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}