TPI Bids In

Here is what we have found about the bids that have come in for the 60 percent stake in Spanish publisher TPI currently owned by Telefonica, Spain’s leading telecom.

This is from the AFX news service. Note an apparent contraction with earlier reports that the Italian publisher Seat PG was not planning to put in a bid.

Telefonica SA has received at least four non-binding bids for its 59.9 pct stake in yellow pages unit TPI, including from France Telecom, Cinco Dias reported, citing unnamed market sources.

Three consortia formed by private equity firms Apax and Cinven; KKR and Carlyle; and Permira, CVC and BC Partners had also launched non-binding offers by yesterday’s deadline, it said.

The offers range from 3.0 bln to 4.0 bln eur for 100 pct of the company.

According to a Spanish news agency, Yell and Seat have also presented bids.

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