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General

DNA formally recommends Telenor buy-out offer but warns dividend policy may be more restrictive

Tuesday 3 September 2019 | 12:54 CET | News
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Finnish operator DNA has formally declared that Telenor's buy-out offer is fair, but noted that there could be a more restrictive dividend policy under the new owner. The obligatory buy-out offer for the remaining shares began on 29 August at EUR 20.90 per share and is estimated to end on 26 September. Telenor became majority shareholder with 54.05 percent on 21 August after buying out Finda and PHP Holding.

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Categories: General
Companies: DNA / Telenor
Countries: Finland
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