The PE owners of Danish incumbent TDC are reportedly once again considering a sale of part or all of their holding in the group.
Depending on stock performance, Apax, Blackstone, KKR, Permira, and Providence, which together own around 59% of TDC,…
The PE owners of Danish incumbent TDC are reportedly once again considering a sale of part or all of their holding in the group.
Depending on stock performance, Apax, Blackstone, KKR, Permira, and Providence, which together own around 59% of TDC, could sell down their stake over the next few months or sell the entire holding to a strategic player, reported Bloomberg citing sources.
The PE firms sold down a previous 88% TDC stake in late 2010, netting approximately €2.6bn (US$3.4bn).
Their decision to sell it down further comes as European markets rebound, making it easier and more attractive for PE to cash in their stakes, added the report, which valued the 59% stake at US$3.9bn.
