DENMARK - ISS exit on the cards

The company’s CEO, Jørgen Lindegaard, told Danish press that it is anticipated that the two buyout houses will proceed with their exit plans.

EQT and GS Capital cancelled the scheduled listing of ISS in November 2007, due to shaky stock market conditions which risked valuing the business at lower than the investors believed it to be worth. The value of the listing was estimated to be between DKK 45-50bn. In the interview published today, Lindegaard said that the company is ready for an exit, and expects the buyout houses to announce it soon. The business was acquired in March 2005, when the two investors de-listed the company from the Copenhagen stock exchange for approximately EUR 3bn (DKK 30bn).

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