TDC buyout just around the corner

According to reports in several Danish newspapers, incumbent telecoms operator TDC has entered into the final stages of a planned EUR13 billion sale of its assets, the largest leveraged buyout in Denmark’s history, after opening its books up to two rival consortiums. The two competing groups of capital funds are led by BC Partners and Blackstone, with telecoms group Swisscom also reported to be very keen on placing a bid. TDC has confirmed that interested parties have made approaches, and according to local sources a transaction could be agreed within the next two weeks.