Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

ROYAL KPN N.V.

(KPN)
  Report
Real-time Quote. Real-time Euronext Amsterdam - 01/26 11:36:01 am
2.606 EUR   -0.57%
12:10aROYAL KPN N : KPN Q4 2020 Results (Consensus)
PU
01/11Deutsche Telekom looking to sell Dutch unit -paper
RE
01/11ROYAL KPN N.V. PRESS RELEASE : KPN nominates Gerard van de Aast to Supervisory Board
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Buyout fund EQT in early takeover talks with KPN - source

11/12/2020 | 10:10am EST
FILE PHOTO: KPN logo is seen at its headquarters in Rotterdam

* EQT has approached KPN and Dutch government officials - source

* Discussions are at an early stage - source

* Dutch government has power to block a takeover

* EQT could use DeltaFiber for partial merger - source (Recasts, adds sourcing, context)

LONDON/AMSTERDAM, Nov 12 (Reuters) - European private equity fund EQT is holding preliminary talks with KPN NV over a possible takeover bid that could value the largest Dutch telecommunications company at about $13 billion, a source with knowledge of the matter said.

EQT has approached both KPN's management and the Dutch government in recent weeks to discuss a possible deal, the source said.

The buyout fund, founded in Sweden in 1994 and led by Chief Executive Christian Sinding, is working with JPMorgan on a possible deal, the source said, but negotiations are still at an early stage and no deal is certain.

KPN's top investor America Movil, which owns 16% of the Dutch firm, has not been informed of the discussions, which were first reported by Bloomberg, the source added.

EQT and KPN declined to comment while America Movil was not immediately available.

KPN shares rose almost 6.5% on Thursday to 2.64 euros.

On October 28, KPN boss Joost Farwerck told reporters during the company's third-quarter results that KPN was not planning on being bought but remained open to interest.

"If somebody comes along with an interesting proposal, we can always listen, but we're not focused on it," he said.

KPN, which has a market value of 11 billion euros, competes with VodafoneZiggo and T-Mobile in the highly concentrated Dutch market and has suffered a decade-long decline in sales. Farwerck has said he does not expect a quick revival.

EQT owns the Netherlands' second-largest fiber optic network, DeltaFiber, and may use it as a vehicle to buy parts of KPN's fiber business and extract some synergies, or cost efficiencies, if an outright takeover fails to win the blessing of Dutch government officials, the source said.

In May, the Dutch government passed a law that allows it to block takeovers of companies in the telecommunications sector that it deems to be not in the interest of national security.

"Any deal for KPN needs to be friendly. EQT will never go hostile," the source said.

The Netherlands' Economic Affairs ministry, which oversees KPN, did not respond to requests for comment on Thursday.

An attempt to buy KPN for 8 euros per share in 2013, by America Movil, floundered on KPN's poison pill defenses, which are still in place. (Reporting by Pamela Barbaglia in London and Toby Sterling in Amsterdam; Editing by Jane Merriman, Elaine Hardcastle, Kirsten Donovan)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AMÉRICA MÓVIL, S.A.B. DE C.V. 2.24% 14.61 End-of-day quote.0.83%
EQT AB 14.61% 255.8 Delayed Quote.6.08%
JPMORGAN CHASE & CO. -0.41% 131.58 Delayed Quote.5.29%
ROYAL KPN N.V. -0.57% 2.606 Real-time Quote.5.39%
T-MOBILE US 0.24% 131.41 Delayed Quote.-2.80%
All news about ROYAL KPN N.V.
12:10aROYAL KPN N : KPN Q4 2020 Results (Consensus)
PU
01/11Deutsche Telekom looking to sell Dutch unit -paper
RE
01/11ROYAL KPN N.V. PRESS RELEASE : KPN nominates Gerard van de Aast to Supervisory B..
DJ
2020ROYAL KPN N : KPN network much busier again since Tuesday
PU
2020ROYAL KPN N : KPN named ‘Corporate Startup Star' by startup community
PU
2020CONNECT CONFIRMS : KPN has best Data and 5G network in the Netherlands
PU
2020ROYAL KPN N.V. : Crossing thresholds
CO
2020ROYAL KPN N : Accelerate to grow
PU
2020ROYAL KPN N.V. : Corporate Officers and Executives' transactions in the company'..
CO
2020ROYAL KPN N.V. : Corporate Officers and Executives' transactions in the company'..
CO
More news
Financials
Sales 2020 5 276 M 6 416 M 6 416 M
Net income 2020 481 M 585 M 585 M
Net Debt 2020 5 978 M 7 269 M 7 269 M
P/E ratio 2020 23,2x
Yield 2020 5,06%
Capitalization 10 935 M 13 299 M 13 296 M
EV / Sales 2020 3,21x
EV / Sales 2021 3,18x
Nbr of Employees 10 224
Free-Float 83,7%
Chart ROYAL KPN N.V.
Duration : Period :
Royal KPN N.V. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ROYAL KPN N.V.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 2,95 €
Last Close Price 2,61 €
Spread / Highest target 53,5%
Spread / Average Target 13,2%
Spread / Lowest Target -11,7%
EPS Revisions
Managers and Directors
NameTitle
Joost F. E. Farwerck Chairman-Management Board, CEO & COO
Duco W. Sickinghe Chairman-Supervisory Board
Chris H. Figee Chief Financial Officer
Babak Fouladi Chief Technology & Digital Officer
Derk Johan Haank Vice Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
ROYAL KPN N.V.5.39%13 337
VERIZON COMMUNICATIONS INC.-2.18%241 747
CHARTER COMMUNICATIONS, INC.-1.42%130 353
NIPPON TELEGRAPH AND TELEPHONE CORPORATION3.57%96 966
DEUTSCHE TELEKOM AG-0.23%85 817
SAUDI TELECOM COMPANY5.28%59 453