EQT Partners is planning a around $690 million initial public offering (IPO) of Kabel Baden-Wuerttemberg, Bloomberg reports. The private equity firm will obtain all the proceeds from the IPO of the broadband cable operator. The Stockholm-based buyout firm is seeking to sell part or all of its holding in Kabel BW to a strategic investor. Deutsche Bank, JPMorgan Chase, Bank of America Merrill Lynch and Royal Bank of Scotland are managing the Kabel BW sale.
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