Dutch govt keeps KPN golden share, no TPG comment
The Dutch Finance Ministry has said that the state retains its “golden share” in Dutch telecoms group KPN and has no plans to surrender this soon.
Finance Ministry spokesman William Lelieveldt said that the proceeds from the sale of a 12% stake in KPN, estimated to be about €2 billion, would go into a state fund for infrastructure spending on projects like roads.
Lelieveldt declined comment on whether the Dutch government also plans to reduce its around 30% stake in postal group TPG.
“The state still has a golden share in KPN and there are no plans on the short-term to give this up,” he said.
