Macquarie, Danish funds make TDC takeover offer -Borsen newspaper

By Kitco News / February 07, 2018 / www.kitco.com / Article Link

By Jacob Gronholt-Pedersen

COPENHAGEN, Feb 7 (Reuters) - Australia's Macquarie and three Danish pension funds ATP, PFA and PKA have offered to buy Danish telecoms operator TDC for 47 Danish crowns per share, business daily Borsen said on Wednesday, citing several unnamed sources.

The consortium sent a letter on Jan. 26 to TDC chairman Pierre Danon offering to buy all of the shares in TDC, the newspaper said.

TDC declined to comment on the report. A Macquarie spokeswoman in New York was not immediately able to comment.

Borsen said the bidding consortium is working with Nordea Bank and another unnamed bank on a deal.

TDC shares closed up 2.35 pct at 37.47 crowns on Wednesday, valuing it at 30.43 billion Danish crowns ($5 billion). ($1 = 6.0635 Danish crowns)


(Reporting by Jacob Gronholt-Pedersen in Copenhagen; editing by Alexander Smith)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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