EQT, Stonepeak join forces for $15B+ Royal KPN bid
April 9, 2021
EQT and Stonepeak Infrastructure Partners are preparing a joint bid for communications services provider Royal KPN, The Wall Street Journal reported. The PE firms could offer over €3 per share for the Dutch company, which would value it at more than $15 billion. EQT and Stonepeak are understood to be planning to submit a formal bid later this spring.