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Italian watchdog clears Asterion bid to take over Retelit

Friday 16 July 2021 | 08:53 CET | News
Italian financial market regulator Consob has approved the bid by Spanish infrastructure fund Asterion Industrial Partners to buy out Italian telecommunications infrastructure provider Retelit via its indirectly-owned fund Marbles. Under the terms of the takeover prospectus cleared by watchdog, Asterion has agreed to pay out EUR 2.85 per share during a subscription period starting on 26 July and ending on 10 September. Retelit owns a 14,000 kilometre fibre-optic network and has been subject to so-called 'golden power' legislation aimed at protecting strategic industries since 2018, which is

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Categories: Fixed
Companies: Asterion / Retelit
Countries: Italy
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