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Current DateTime: 09:04:12 01 Dec 2009
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Current DateTime: 09:04:12 01 Dec 2009
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  • Holiday Central

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  • Winterizing Your Portfolio

      If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.

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TDC CFO declines to comment on stock offer talk
By: AFX | 12 Nov 2009 | 11:13 AM ET
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COPENHAGEN, Nov 12 (Reuters) - Danish telecommunications operator TDC's chief financial officer declined to say on Thursday whether the company was ready for a public stock offering. "I really have no comment on the rumours," CFO Jesper Ovesen told a conference call when asked whether a public offering would be appropriate for the business. "Is TDC IPO ready? I don't know. We have good markets compared to peers," he said. TDC's stock trades on the bourse but it is 88-percent owned by private equity firms Blackstone, KKR, Permira , Apax and Providence Equity Partners following what was Europe's largest leveraged buyout in 2006. The buyout firms, which own TDC through a partnership called Nordic Telephone Company (NTC), would meet banks this month looking to line up advisers to offload part of their $7.4-billion TDC stake, people familiar with the matter said on Wednesday. (Editing by David Cowell) Keywords: TDC/OFFERING (Reporting by Peter Starck; peter.starck@reuters.com; +45 33 96 96 49; Reuters Messaging: peter.starck.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

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