• Most Popular
  • Most Shared

UPDATE 1-KPN selling part of Getronics business

Mon Dec 1, 2008 2:24am EST

Stocks

   

* Divestment of business solutions for local govt, health

Stocks  |  Mergers & Acquisitions

* No amount disclosed, deal to close in 2009

(Adds detail, background)

AMSTERDAM, Dec 1 (Reuters) - Dutch telecoms group KPN (KPN.AS) said on Monday it would sell its Getronics unit's Business Solutions activities for local governments and healthcare in the Netherlands to Total Specific Solutions. Financial details of the deal, which is expected to close early next year and must be approved by the Dutch competition authority, have not been disclosed.

KPN, the former Dutch telecoms monopoly, bought Getronics for 1.2 billion euros ($1.6 billion), including debt, last year. It has said it would keep Getronics' businesses in the Netherlands, Britain, Belgium and North America and sell non-core units. (Reporting by Harro ten Wolde; editing by John Stonestreet)

Stocks
Mergers & Acquisitions


More from Reuters

Photo

Honda expands airbag recall as more Toyotas probed

TOKYO/DETROIT (Reuters) - Honda Motor Co said it would recall another 440,000 cars around the world for faulty airbags as rival Toyota Motor Corp faced further probes over its largest-ever safety crisis. | Video

» More Top News
A worker walks on steel frames at a construction site in central Beijing January 27, 2010. REUTERS/Loic Hofstedt
Analysis:

China's boom may lead to bust

The housing market is becoming the investment of choice for the Chinese, which is making policymakers very nervous.  Full Article 

China
A Greek flag at the Bank of Greece is seen near a statue of ancient philosopher Socrates in Athens February 5, 2010. REUTERS/Yiorgos Karahalis

Avoiding "another Greece"

Don't count on the euro zone growing anytime soon. Getting into the single-currency club will be tougher than ever.  Full Article 

Global Markets