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Article: Denmark : Blackstone, KKR Said to Prepare Share Sale for Denmark s TDC.
- Article from:
- TendersInfo
- Article date:
- November 11, 2009
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Byline: Mamta03
Blackstone Group LP, KKR & Co. and three leveraged buyout firms that bought Denmark s TDC A/S in Europe s biggest LBO at the time are preparing to sell part of their stake, five people familiar with the plans said.
The firms will interview banks before the end of this month to arrange the stock sale next year, said the people, who declined to be identified because the talks are confidential. The companies may sell part of their 88 percent stake in TDC, valued at about $7.4 billion, while the Copenhagen-based phone company may also offer new stock to raise cash, the people said.
KKR, Blackstone, Apax Partners LLP, Permira ...