Sunday, July 23, 2006

France Telecom Sells PagesJaunes to KKR

Following a competitive bidding process, France Telecom decided to sell its 54% stake in PagesJaunes Groupe to KKR (Kohlberg, Kravis Roberts & Co Ltd.), which is offering EUR 3.312 billion, representing a price per share of EUR 22. KKR intends to carry on PagesJaunes Groupe's strategy, which it believes has been successful since the IPO, relying on PagesJaunes Groupe' s management team and on the expertise and know-how of its employees. http://www.francetelecom.com

  • In December 2005, Agilent Technologies completed the divestiture of its Semiconductor Products business to Kohlberg Kravis Roberts & Co. (KKR) and Silver Lake Partners for $2.66 billion.

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