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Morgan Stanley Bookrunner for TDC PE Owners

Morgan Stanley acquired about 59 million shares in Danish telecom group TDC and now holds 7.17 percent of the company, writes Reuters. Morgan Stanley was bookrunner for a nearly $1 billion sale this week of TDC stock for TDC’s main owners, a partnership of five private equity funds.

Reuters – Morgan Stanley acquired about 59 million shares in Danish telecom group TDC A/S on Feb. 14 and now holds 7.17 percent of the total share capital and voting rights, TDC said on Wednesday.

Morgan Stanley was the bookrunner for a nearly $1 billion sale this week of TDC stock for TDC’s main owners, a partnership of five private equity funds which reduced their holdings in TDC to 43.3 percent from about 59 percent. (Reporting by John Acher)