Deals
Brookfield Weighs Potential Bid for Dutch Royal KPN Phone Company
- Canadian asset manager is in talks to bid with pension funds
- Brookfield hasn’t approached KPN, may decide against a bid
Inside a Royal KPN NV mobile phone store in Nijmegen, Netherlands.
Photographer: Jasper JuinenThis article is for subscribers only.
Brookfield Asset Management Inc. is considering making an offer for Dutch phone company Royal KPN NV, according to people familiar with the matter. KPN shares jumped the most since 2013.
Canada’s largest alternative asset manager is holding exploratory talks with Dutch pension funds PGGM and APG Groep NV about partnering on a potential bid for KPN, said the people, who asked not to be identified because the matter isn’t public. The company had a market value of about 10.6 billion euros ($12.2 billion) on Wednesday, before Brookfield’s deliberations were reported.