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EI Towers offers EUR 1.23 bln for Italy's RaiWay

Wednesday 25 February 2015 | 10:51 CET | News
Mediaset-controlled EI Towers has offered EUR 1.23 billion in cash and stock to take over rival Italian tower operator RaiWay. In a statement, EI Towers said it was offering EUR 3.13 in cash plus 0.03 new EI Towers common shares for each RaiWay share, valuing the Rome-based company's stock at EUR 4.50 each. The aim was to "create a single operator of broadcasting towers in Italy," said Mediaset, which owns 40 percent of EI Towers, followed by BlackRock with 10.3 percent. Rai Way, controlled by Italian public broadcaster Rai, was listed on the Milan stock exchange in November in an IPO that

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Categories: Mobile & Wireless
Companies: Mediaset / RAI / Wind
Countries: Italy
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