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General

Euskaltel places 25.3 mln shares to fund R purchase

Tuesday 24 November 2015 | 14:08 CET | News
Spanish regional cable operator Euskaltel, operating in the Basque Country, has announced the launch of a share issue to help fund its EUR 1.19 billion acquisition of Galician cable provider R. In a statement to Spanish market watchdog CNMV, Euskaltel said it would place 25.31 million shares at a price of EUR 10.08 per share via an accelerated book-building offer. In total, the share issue would be worth EUR 255 million, said Euskaltel, adding that the new shares will be admitted in the Bilbao, Barcelona, Madrid and Valencia stock exchanges on 25 November. When it announced the deal in July,

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Categories: General
Companies: Euskaltel / R
Countries: Spain
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