TDC buyout still bogged down

15 Mar 2006

The buyout of Danish incumbent TDC is still on hold four months after the Nordic Telephone Company (NTC) announced its bid. The sale has been clouded by uncertainty since minority shareholders led by Denmark’s largest pension fund ATP refused to sell their 11.8% share in the telco to NTC, meaning that NTC could not delist TDC as it had originally intended. The case continues and looks unlikely to be resolved in the near future.