EQT AB is emerging as the front-runner to acquire a stake in French telecom tower owner TDF, people familiar with the matter said.
The Stockholm-based private equity firm is seen as the strongest contender to acquire the 45% TDF stake being sold by Brookfield Asset Management Inc., the people said. TDF could be valued at about €9 billion ($8.9 billion) including debt in any sale, one of the people said, asking not to be identified discussing confidential information.
Infrastructure assets are attractive to investment funds due to their ability generate steady, predictable returns. In July, Brookfield and DigitalBridge Group Inc. agreed to buy a stake in Deutsche Telekom AG’s towers unit in a deal valuing the business at €17.5 billion.
Read more: BNN Bloomberg
