X (Twitter) LinkedIn
    Wednesday, December 6
    Login
    0 Shopping Cart
    X (Twitter) LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals»KPN ‘facing €12.5bn takeover bid’ from private equity investors
    Deals

    KPN ‘facing €12.5bn takeover bid’ from private equity investors

    April 12, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Swedish private equity investor EQT is making another attempt to buy KPN, this time with US investor Stonepeak Infrastructure Partners, according to reports. None of the alleged partners — neither KPN nor EQT or Stonepeak — are commenting on the rumours, first published in the Wall Street Journal.

    The report said that the duo were offering €3 a share, valuing KPN at €12.5 billion. KPN’s share price went up from around €2.92 to €2.95 on the news, but today dropped to €2.88, giving the company a market cap of €12.08 billion.

    EQT, which has a number of telecoms interests including 50% of Zayo in a joint venture with Digital Colony, was last reported to be hovering over KPN in October and November 2020 when sources were saying the two sides were in talks. KPN shares were then valued at €2.64, giving the company a valuation of €11.1 billion. KPN’s CEO Joost Farwerck said in October that the company was open to interest. “If somebody comes along with an interesting proposal, we can always listen, but we’re not focused on it,” he told reporters.

    Read more/Source: Capacity

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital deals PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Warburg Pincus surpasses target to close $17bn private equity fund

    October 18, 2023

    Brookfield banks $12B for its largest PE fund

    October 18, 2023

    Brookfield buys KKR’s Spanish solar company stake

    March 23, 2023

    Ethical Capital Partners buys Pornhub for an undisclosed sum

    March 18, 2023

    Comments are closed.

    Other Articles

    CVC Weighs Bid for $3 Billion Chemical Maker Synthomer

    February 25, 2021

    Uber’s Careem Seeks $500m From Abu Dhabi and Saudi Funds

    March 10, 2022

    CVC Capital Partners Plans Amsterdam Listing, FT Reports

    March 21, 2022

    UK PE market bounces back after Covid-19 hit

    February 3, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    X (Twitter) LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?