Private equity firm EQT AB is considering the sale of a minority stake in Nordic fiber network operator GlobalConnect, people with knowledge of the matter said.
EQT’s infrastructure arm is working with advisers on the potential divestment, which could attract interest from other investment funds as well as pension managers, the people said. A deal could value GlobalConnect at between 7 billion euros ($7.5 billion) and 10 billion euros including debt, according to the people, who asked not to be identified because the information is private.
The company’s revenue rose 2.5% last year to 609 million euros, while adjusted earnings before interest, taxes, depreciation and amortization increased 13% to 307 million euros. GlobalConnect had about 28 billion krona ($2.8 billion) of net interest-bearing liabilities at the end of the year, according to its annual report.
Read more: BNN Bloomberg
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