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DNA's owners abandon sale plans
2013-07-16 11:07:00| Telecompaper Headlines
(Telecompaper) Finnish operator DNA announced that its owners have decided to keep the same ownership base despite receiving a number of takeover proposals and considering an IPO. The current market conditions are not the best for a change in ownership, DNA said. DNA's owners have decided at this stage to focus their attention on the company's growth, performance and value creation in the existing ownership. DNA is controlled by companies that were previously local phone carriers in Finland. The largest shareholder is Finda Group, which owns close to 33 percent. According to recent media reports, the company attracted the interest of several private equity groups and was valued at over EUR 1 billion.
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Category:Telecommunications