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General

EI Towers board approves F2i takeover offer

Friday 3 August 2018 | 08:58 CET | News
The board of directors of Italian tower operator EI Towers has approved the share price of EUR 57 offered by Italian infrastructure fund F2i and Mediaset in their joint takeover bid for the company. In a statement, EI Towers said the board "unanimously assessed the fairness, from a financial point of view" of the consideration of EUR 57.00 per each EI Towers ordinary share tendered to the offer. Last month Mediaset announced its decision to convert its stake of 40 percent in EI Towers into a "significant minority" stake in 2i Towers, the special purpose vehicle set up by F2i to conduct the

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Categories: General
Companies: EI Towers / Mediaset
Countries: Italy
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