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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Royal KPN N.V.    KPN   NL0000009082

ROYAL KPN N.V.

(KPN)
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Buyout Firms Team Up on More Than $15 Billion KPN Bid

04/07/2021 | 02:42pm EDT

By Cara Lombardo, Ben Dummett and Miriam Gottfried

A pair of private-equity firms have teamed up to make a bid for Royal KPN NV that could value the Dutch communications-services provider at more than $15 billion, according to people familiar with the matter.

New York-based Stonepeak Infrastructure Partners and Sweden's EQT AB are working on a bid that could be valued at more than EUR3, equivalent to $3.56, a share some of the people said. KPN shares closed Wednesday at EUR2.88 in European trading. The funds are preparing to conduct due diligence with the goal of submitting a formal bid this spring. It's possible they could take on another partner and that they will face competition, these people said.

There are no guarantees the parties will follow through, and if they do, that they will reach an agreement. Adding a layer of complication, the Dutch government would need to sign off on any deal.

KPN is the largest telecommunications operator in the Netherlands, offering mobile telephony, data and television services to customers across the country. KPN's business also includes a wholesale operation that leases fixed and mobile networks to other carriers that don't operate their own networks.

Bloomberg in November reported that EQT had made an approach to KPN.

(END) Dow Jones Newswires

04-07-21 1642ET

Stocks mentioned in the article
ChangeLast1st jan.
EQT AB (PUBL) -1.36% 290.9 Delayed Quote.40.16%
ROYAL KPN N.V. 0.39% 2.868 Real-time Quote.14.88%
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Financials
Sales 2021 5 233 M 6 233 M 6 233 M
Net income 2021 533 M 635 M 635 M
Net Debt 2021 5 674 M 6 759 M 6 759 M
P/E ratio 2021 22,5x
Yield 2021 4,85%
Capitalization 11 992 M 14 286 M 14 284 M
EV / Sales 2021 3,38x
EV / Sales 2022 3,33x
Nbr of Employees 9 237
Free-Float 79,8%
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Technical analysis trends ROYAL KPN N.V.
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 3,03 €
Last Close Price 2,86 €
Spread / Highest target 40,0%
Spread / Average Target 6,07%
Spread / Lowest Target -19,5%
EPS Revisions
Managers and Directors
NameTitle
Joost F. E. Farwerck Chairman-Management Board, CEO & COO
Chris H. Figee Chief Financial Officer
Duco W. Sickinghe Chairman-Supervisory Board
Babak Fouladi Chief Technology & Digital Officer
Derk Johan Haank Vice Chairman-Supervisory Board
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