Ameritech, the Chicago-based telecommunications group, is to take a 40% stake in Tele Danmark, the Danish carrier. The deal is valued at US$3.1 billion. Ameritech is buying the 45 million shares from the Danish government, which partly privatized Tele Danmark three years ago. The deal will reduce the government's stake to 51%. US firm Kirkland & Ellis and Danish firm Bech-Brunn & Trolle advised Ameritech on US and Danish law issues. Corporate partner Robert Osborne led the team for Kirkland & Ellis alongside tax partners George Javaras and Herwig Schlunk. M&A partner Sven Krogstrup and banking and finance partner Jørgen Reimer Jensen handled the local law advice for Bech-Brunn & Trolle.
December 01 1997