EQT AB (publ) (OM:EQT) and Stonepeak Partners LP made an offer to acquire Koninklijke KPN N.V. (ENXTAM:KPN) on May 2, 2021. They lodged a bid however this has been rejected by the KPN board, with the pair now contemplating whether or not to lift their supply, in keeping with an individual with direct information of the scenario. KPN rejects takeover bid from EQT and Stonepeak. KPN rejected the bid concluding that they failed to provide tangible and material added value over its recent updated growth strategy.

EQT AB (publ) (OM:EQT) and Stonepeak Partners LP cancelled the acquisition of Koninklijke KPN N.V. (ENXTAM:KPN) on May 2, 2021.