AMSTERDAM (Reuters) – KPN NV on Thursday declined to touch upon a media report that stated non-public buyers together with EQT of Sweden have been making ready an try to purchase the highest Dutch telecoms supplier.
A KPN spokeswoman stated the corporate wouldn’t touch upon “rumours”. EQT declined to remark.
A report within the Wall Road Journal cited individuals conversant in the matter that EQT would possibly search to pay 3 euros ($3.56) per share for KPN this spring, working along with New York-based Stonepeak Infrastructure companions.
EQT was named in tales by Reuters and Bloomberg in 2020 as weighing a bid for KPN, whose shares have been up 1.6% to 2.92 euros by 0721 GMT on Thursday.
KPN has indicated it doesn’t want to be purchased and has a poison capsule mechanism in place to thwart undesirable takeovers, whereby an impartial panel can situation new shares, because it did to dam a takeover try in 2013.
Its networks have been recognized as infrastructure important to nationwide security below a regulation that went into pressure in October 2020 giving the federal government the correct to veto a takeover.
America Movil owns a 20% stake in KPN.
The corporate entered a three way partnership with pension fund large ABP to construct fibre optic networks final month and owns some fibre optic networks in southern Netherlands and Belgium.
($1 = 0.8424 euros)