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Pin to quick picksKpn Kon Ord Share News (0O8F)

Share Price Information for Kpn Kon Ord (0O8F)

London Stock Exchange
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Share Price: 2.7495
Bid: 2.617
Ask: 2.882
Change: -0.036 (-1.29%)
Spread: 0.265 (10.13%)
Open: 2.76
High: 2.76
Low: 2.617
Yest. Close: 2.7855
0O8F Live PriceLast checked at -
  • This share is an international stock.

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Royal KPN surges as PE firm EQT said to consider takeover

Mon, 12th Oct 2020 09:52

(Sharecast News) - Royal KPN shares surged on Monday following a report that private equity firm EQT is considering a takeover of the Dutch telecommunications company.
On Friday, Bloomberg cited sources as saying that EQT is in the early stages of discussing the feasibility of a deal with potential advisers.

It was understood that no final decisions have been made and the sources said there's no certainty EQT's deliberations will lead to an offer.

At 0955 BST, KPN shares were up 7.3% at €2.40.

Deutsche Bank pointed out in a research note that this is not the first time there have been reports of potential M&A interest in KPN, with press reports last year that Brookfield was considering a bid.

"We are not surprised at the timing of the M&A news given on the one hand, telco share prices have been depressed and on the other, we have seen continued interest from infrastructure funds in the sector, and with recent valuation multiples suggesting low hurdle rates," it said.

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Royal KPN surges as PE firm EQT said to consider takeover

(Sharecast News) - Royal KPN shares surged on Monday following a report that private equity firm EQT is considering a takeover of the Dutch telecommunications company.

12 Oct 20 09:52

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