ATP takes $340m IT stake

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DENMARK - Danish giant pension fund ATP has agreed with Local Government Denmark (LGDK) to acquire all its shares in KMD, in a co-investment deal of DKK2bn (US$340m) on a debt-free basis with private equity fund EQT.

Following this agreement, ATP will hold 15% of the shares of KMD - a Danish provider of IT solutions - and EQT will hold the remaining 85% stake. The acquisition will be funded with approximatel...

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