DNA seeks fresh blood; UBS appointed to lead sale

18 Apr 2013

Helsinki-based telco DNA has hired Swiss financial services company UBS to lead the sale or listing of its shares, TMT Finance reports. Valuations have been estimated at around EUR1 billion (USD1.3 billion), although a deal is unlikely to be for the whole company, as shareholders are not necessarily aligned – bankers with a knowledge of the deal said. CVC, Blackstone and Providence have been named as likely private equity buyers, but several trade groups are also thought to be looking at the firm. The sale process is expected to commence in May.

DNA’s major shareholders are: Finda (32.56%); Oulu ICT (22.17%); PHP Holding (19.75%); KPY Management (12.97%); and six minority shareholders.

Finland, DNA Finland