EQT receives at least 5 bids for Kabel BW - report

News Broadband Germany 18 FEB 2011
EQT receives at least 5 bids for Kabel BW - report
Swedish private equity group EQT has received at least five bids for German regional cable network operator Kabel Baden-Wuerttemberg (Kabel BW), reports Reuters citing two unnamed sources close to the sale process. These bidders are understood to include Liberty Global, plus private equity firms Cinven, CVC, Providence and Hellman & Friedman. One of the sources said that EQT would make a decision in the next couple of weeks whether to proceed with an IPO or sale, adding that an IPO could happen as early as April. Sources added that the bidders were prepared to pay up to EUR 2.5 billion for Kabel BW.

Categories:

Fixed

Companies:

Kabel BW,  Liberty Global

Countries:

Germany

Tags:

Voice services, Company, Services, Corporate, Internet Access, M&A buyouts & divestments

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