Pension funds risk having to write down massive loan on private investment

A double-digit billion kroner sum is potentially at stake for three Danish pension funds having invested in domestic telecommunications company TDC. 
Head of Media Relations at PFA tells Danish business media Børsen that the fund has complete faith in TDC's strategy and expects the investment to yield a stable, long-term return. | Photo: Pr / Pfa
Head of Media Relations at PFA tells Danish business media Børsen that the fund has complete faith in TDC's strategy and expects the investment to yield a stable, long-term return. | Photo: Pr / Pfa
by mikkel holmgaard winding, translated by katrine gøthler

Three pension funds may end up having to write down several billions of kroner of the loan they have given telecommunications company TDC, writes Danish business daily Børsen on Friday.

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