HELSINKI Dec 30 The top shareholder in
Finland's third-biggest telecoms operator, DNA, raised
its stake in a deal that valued it at around 808 million euros
($1.1 billion), far less than the 1.3 billion euros it was
expected to fetch in an aborted auction earlier this year.
Oulu ICT sold its 26 percent stake in DNA for 210 million
euros to fellow owners, it said on Monday.
Leading shareholder Finda Group increased its stake to 49.9
percent from 37.1 percent, while PHP Holding increased its stake
to 37.6 percent from 24.3 percent, the companies said.
DNA's shareholders had been looking to sell their stakes
amid fierce price competition in the industry, and sources said
private equity investors had placed bids. But in July the owners
said they shelved plans for a sale.
($1 = 0.7258 euros)
(Reporting by Helsinki Newsroom; Editing by Louise Heavens)