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Selected Transactions
Dynegy Inc. In January 2003, Klesch & Company acquired from Dynegy Inc., its distressed European Telecoms businesses. The high speed DWDM/SDH/ATM/IP network connected a total of 36 cities in 16 countries across Europe totalling 8,666 km of fibre, with a double transatlantic link and a total of 54 POP sites. The disposal of this asset lead to an immediate rise of 12% in Dynegy's share price on the day the deal was announced. The sale of its European Telecoms business was the first step in improving Dynegy's credit rating from CCC to B (S&P) The Klesch & Company team provided hands-on management assistance to restructure the operations immediately following the acquisition.
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