18th Sep 2014 10:58
LONDON (Alliance News) - Candover Investments PLC said Thursday it will receive GBP6.2 million from Danish telecommunications company TDC AC's acquisition of Norwegian cable television operator Get AS.
TDC is acquiring Get for NOK13.8 billion, subject to regulatory clearances. The deal is expected to close in the last quarter of 2014.
Candover, which holds Get as an asset in its Candover 2005 Fund, said the GBP6.2 million represents a 20% uplift over the assets valuation as at June 30.
Shares in Candover Investments were trading up 0.9% at 567.00 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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