FT: KKR, TPG Drop Bid To Acquire Majority Stake In Nokia Siemens Networks

FT: KKR, TPG Drop Bid To Acquire Majority Stake In Nokia Siemens Networks

  • Posted Friday, June 10, 2011 -
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Private equity groups Kohlberg Kravis Roberts & Co L.P. (KKR), and TPG Capital have pulled out from a deal to acquire a majority stake in Nokia Siemens Networks B.V, a 50-50 joint venture between Finnish mobile phone maker Nokia Corp. (NOK) and German telecom company Siemens AG (SI), The Financial Times reported on Thursday.view original article

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