Auna is up for sale – two investment groups submit bids

26 Apr 2005

Spanish telecoms group Auna has confirmed that it is up for sale, ending more than a year of speculation over the future of the company which is 83.5% owned by electricity groups Endesa and Union Fenosa, and the country’s largest bank Santander. According to local press reports, bids have already been received from two groups of private equity investors valuing the company at around EUR12 billion. A consortium controlled by US-based Kohlberg Kravis Roberts has submitted one offer, while a second bid has been made by a bidding vehicle comprising Blackstone Group, Apax Partners and CVC Partners. Separately, the cable operator Ono is reported to have offered EUR2.6 billion for Auna’s cable subsidiary in a joint bid with the private equity groups Providence Equity Partners and Carlyle Group.

Spain, Auna Telecomunicaciones