Deals
EQT Is Said to Explore Takeover of $11 Billion Carrier KPN
- European buyout firm discussing feasibility of potential deal
- Former monopoly KPN faces falling sales in competitive market
Customers browse inside a Royal KPN NV mobile phone store in Leiden, Netherlands.
Photographer: Yuriko Nakao/BloombergThis article is for subscribers only.
EQT AB, the European private equity firm, is considering a takeover of Dutch phone company Royal KPN NV in what would be its largest-ever acquisition, people with knowledge of the matter said.
The buyout firm is in the early stages of discussing the feasibility of a deal with potential advisers, the people said, asking not to be identified because the information is private. Shares of KPN have fallen 15% in Amsterdam trading this year, giving the company a market value of about 9.4 billion euros ($11.1 billion).