Blackstone Group to sell Kabel BW

27 Apr 2006

The Blackstone Group has agreed to sell German cable operator Kabel BW to private equity firm EQT Partners of Sweden for EUR1.3 billion (USD1.6 billion). The deal comes hot on the heels of Blackstone agreeing to pay EUR2.68 billion for a 4.5% stake in Deutsche Telekom, which competes directly with Kabel BW. Kabel BW posted sales of EUR246 million for its fiscal year ending September 2005.

Germany, Kabel Deutschland