Allen & Overy (A&O), CMS Hasche Sigle and McDermott Will & Emery have scored the leading roles on KPN’s proposed €5bn (£4.3bn) sale of a German mobile unit to O2 owner Telefonica. Telefonica’s German listed subsidiary Telefonica Deutschland Holding is set to take over E-Plus, the German business of Dutch telecoms company KPN, in a transaction that is expected to close by mid 2014. KPN would also receive a 17.6% stake in the subsidiary in the deal.
July 23, 2013 at 05:40 AM
1 minute read
The original version of this story was published on Legalweek
Allen & Overy (A&O), CMS Hasche Sigle and McDermott Will & Emery have scored the leading roles on Telefonica’s €5bn (£4.3bn) purchase of Dutch telecoms company KPN’s German mobile unit.
Telefonica’s German subsidiary Telefonica Deutschland Holding has acquired E-Plus, the German business of KPN, in a deal which will also see KPN receive a 17.6% stake in Telefonica Deutschland.
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