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Realisation of Get AS ("Get")

18th Sep 2014 11:47

CANDOVER INVESTMENTS PLC - Realisation of Get AS ("Get")

CANDOVER INVESTMENTS PLC - Realisation of Get AS ("Get")

PR Newswire

London, September 18

18 September 2014 Candover* Investments plc : realisation of Get AS ("Get") Candover notes the intended acquisition of Get by TDC, the Danishtelecommunications group, for an enterprise value of NOK13.8 billion. Therealisation of Get, an asset held in the Candover 2005 Fund, will generateestimated proceeds of £6.2 million for Candover, representing a 20% uplift overthe valuation at 30th June 2014. The acquisition is subject to regulatory clearances and is expected to close inthe last quarter of 2014. Ends. *Candover means Candover Investments plc and/or one or more of itssubsidiaries. For further information, please contact: Candover Investments plcMalcolm Fallen, CEO +44 20 7895 2826

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