Denmark's TDC shares sold at 37 crowns - source
LONDON Nov 27 (Reuters) - The main owners of Denmark's TDC have sold 80 million shares in the telecoms group for 37.1 Danish crowns ($6.5) each, a source close to the deal said on Tuesday.
NTC Holding, a consortium of investment firms Apax Partners, the Blackstone Group LP, Kohlberg Kravis Roberts, Permira Advisers and Providence Equity Partners, said the 3 billion Danish crown ($521.5 million) sal e would reduce its stake in TDC to around 33 percent.
The placing, launched on Monday, was priced at a 4.8 percent discount to Monday's closing share price of 38.95 crowns.
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video