Royal KPN NV (KPN)’s largest shareholder, Capital, has expressed discontent with the telephone company since November and wants it to sell E-Plus, Het Financieele Dagblad reported today, without citing anyone.
KPN hired Goldman Sachs Group Inc. and JPMorgan Chase & Co. to explore strategic options, including a sale of its BASE unit in Belgium.
The U.S. shareholder mostly wants to monetize KPN’s German unit E-Plus, according to the newspaper. Capital has a stake of more than 20 percent in KPN, Dagblad reported.
To contact the reporter on this story: Maud van Gaal in Amsterdam at email@example.com
To contact the editor responsible for this story: Frank Connelly at firstname.lastname@example.org