U.S. private equity fund KKR has bought British rail ticket website thetrainline.com from buyout firm Exponent for an undisclosed sum, derailing its planned London stock market listing, the funds said on Thursday.
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With market saturation leading to falling prices which have hurt earnings and prevented telecommunications operators from making investments, TDC Chief Executive Carsten Dilling has joined the call of his rivals for mergers.
KKR, the buyout firm, sold off its 11% shareholdings in Danish telecommunications firm TDC to institutional investors.
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