Pan-European buy-out firm CVC Capital Partners will sell its stake in Post Danmark to the Danish state, according to Thomson Merger News.
The firm purchased a 22% stake in the postal service from the Danish state in July 2005.
The deal will reportedly be finalised once the merger between Post Danmark and Sweden’s Posten is completed. This merger is expected to happen this year.
Post Danmark is the national postal operator in Denmark.
CVC recently appointed Larry Klane as a senior advisor. Klane is working with CVC’s Global Financial Institutions Team to support the firm’s global investment advisory activities in the financial services sector.
D.C.