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Brookfield mulling bid for KPN - report
2019-01-31 14:29:00| Telecompaper Headlines
(Telecompaper) Canada's Brookfield Asset Management is mulling an offer for Dutch carrier KPN, Bloomberg reported, citing sources. The asset manager is talking with Dutch pension funds PGGM and APG about partnering on the bid. The company had a market value of EUR 10.6 billion at market close on 30 January, before reports of the talks came up. The sources noted however that Brookfield has not approached KPN itself yet and that the process is at a very early stage. It may not even yield an offer, they added. The report pushed KPN shares sharply up on 31 January. The Dutch carrier declined to comment on the rumours.
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Category:Telecommunications