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Reuters
Reuters
Business

Denmark's TDC to be split into three units - Macquarie-led consortium

A pedestrian walks past the logo of Australia's biggest investment bank Macquarie Group Ltd which adorns a wall on the outside of their Sydney office headquarters in central Sydney, Australia, July 18, 2017. REUTERS/David Gray

COPENHAGEN (Reuters) - The consortium that plans to buy TDC <TDC.CO> will split the Danish telecoms company into three separately managed businesses, it said in its offer document published on Wednesday.

The three units will focus on TDC's networks, the Danish market and the Norwegian business and will eventually be managed independently.

A consortium of Australia's Macquarie <MQG.AX> and three Danish pension funds, PFA, ATP and PKA, confirmed its 50.25 Danish crowns ($8.24) per share takeover offer and set an April 4 deadline for TDC shareholders to accept.

(Reporting by Teis Jensen, editing by Louise Heavens)

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