Candover sells cableco GET for USD1 billion

21 Nov 2007

UK-based buyout firm Candover Investments has confirmed it has agreed to sell Norwegian cable company GET for NOK5.8 billion (USD1.05 billion) to a group of buyers led by rivals Quadrangle and GS Capital Partners. Candover acquired the business, which provides its services to 370,000 households in Oslo and Southern Norway, for NOK3.6 billion in January 2006 and said on Tuesday it expects the sale to close by year-end.

Norway, Get