KPN Faces Another Takeover, Now With a Stronger Defense
- European private equity firm EQT is considering a bid
- New telecom security law bolsters defenses against deals
Customers browse inside a Royal KPN NV mobile phone store at night in Leiden, Netherlands.
Photographer: Yuriko Nakao/BloombergThis article is for subscribers only.
Dutch phone company Royal KPN NV is facing another potential takeover attempt, and its new suitor faces more hurdles than its predecessors.
EQT AB, the European private equity firm, is considering a takeover of KPN in what would be its largest-ever acquisition, Bloomberg reported Friday, citing people familiar with the matter. Shares rose as much as 8.4% in early trading on Monday, the most since March.