HELSINKI, July 11 Finnish phone operator DNA
said listing its shares was still a possibility, a sign
that talks with private equity investors may not necessarily
lead to a sale.
Banking sources said earlier this week that Apax,
Bain Capital, EQT and Providence had all submitted
final-round bids for the company, which could fetch around 1.3
billion euros ($1.7 billion) in a sale process run by UBS
DNA said on Thursday it would make a decision during the
summer and that its biggest owners were preparing for a
potential sale or reduction of their stakes.
"During the summer it will be clear whether the owners of
DNA will continue talks with private equity firms, or if the
company will proceed with listing in the autumn or if the
current ownership will prevail," it said.
DNA is controlled by companies that were previously local
phone carriers in Finland, and owners have been looking to sell
their stakes amid fierce price competition. The largest
shareholder is Finda Group, which owns close to 33 percent.