KPN becomes a target as block sale costs ABN dear

KPN, the leading telecom company in the Netherlands, is vulnerable to takeovers, after the Dutch government said it would relinquish its golden share in the company by the end of the year.

  • 09 Dec 2005

Bankers are already speculating that KPN could be the next peak on the rising graph of leveraged buy-outs, bigger even than last week's $15.3bn capture of Danish telecom operator TDC by five private equity funds.

KPN's equity is worth Eu18bn and it has Eu8.2bn of debt.

But the action this ...

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