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Bouygues Telecom ups stake in Keyyo, plans to buy remaining shares in squeeze-out

Tuesday 16 April 2019 | 11:08 CET | News
Bouygues Telecom said that it has successfully completed the public tender offer for all the Keyyo shares it does not own, increasing its stake to 87.22 percent. The company entered exclusive talks to acquire Keyyo in October 2018. As planned, it launched a public tender offer in February and then extended it for a further three weeks at the end of March. The stake held by Keyyo's minority shareholders has now fallen to 4.19 percent. This enables Bouygues Telecom to implement a squeeze-out procedure for any remaining shares, for which it will ask approval from the French financial market

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Categories: Fixed
Companies: Bouygues Telecom
Countries: France
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