TDC head defends compulsory redemption as "legal"

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DENMARK - TDC president Henning Dyremose has defended majority stakeholder NTC's move to force minority shareholders in the telecommunications company to sell as legal, after ATP announced plans to sue NTC.

At a meeting last week, NTC – who controlled 88.2% of TDC's shares at that point – moved for a compulsory redemption of the minority shareholders by proposing an amendment of the articles of associ...

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