Wednesday 29 July 2009

Getronics UK for sale?

(By Richard Holway 9.30am Wednesday 29th July 09) Looks like KPN might be considering a sale of Getronics UK. See Microscope Future of Getronics UK in doubt. KPN bought Getronics in 2007. KPN have since divested various bits of the Getronics business including the Spanish and Australian operations, its government and healthcare business and, most recently, its business applications services arm, which went to Capgemini.

At yesterday's briefing KPN's MD Eelco Blok said “The UK market remains our most exposed part of the international business....The UK is the predominant factor in the downward trend”.
So a divestment here too looks a very likely option.

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