On 2 February 2019, in advance of the merger, it was announced that CVC had entered into an agreement with the Government of Denmark to sell its stake in Post Danmark in exchange for Post Danmark's 49.9 stake in De Post (the then name for Bpost), the state postal service of the Kingdom of Belgium, in a transaction valued at 473 million euros. CVC had original acquired its stake in Post Danmark in 2005 during the latter's partial privatisation.[6]