Danish state to sell 25 pct stake in Post Danmark to CVC Capital
Transport minister Flemming Hansen is close to selling 25 pct of the state’s shares in the postal service, Post Danmark, to UK-based CVC Capital Partners, daily Berlingske Tidende reported without citing any sources.
It also said CVC Capital Partners is expected to pay between 1.0-1.5 bln dkr for the stake in Post Danmark.
None of the parties wished to comment on the report but the daily said the agreement is already in place and has now been sent to the government’s coordinating committee. The remainder of the sales process is considered a formality, it added.
Deutsche Post AG and TPG NV had also submitted offers for the 25 pct stake, but according to Berlingske Tidende, their bids were lower than that of CVC.
