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General

KKR, Cinven, Providence launch EUR 3 bln bid to take over Masmovil

Monday 1 June 2020 | 09:14 CET | News
Update: 1 June 2020 | 10:51 CET
Three buyout funds have launched a joint bid to take over Spanish telecommunications provider Masmovil, the country's fourth largest network operator, according to a statement filed with securities market regulator CNMV. A consortium called Lorca Telecom BidCo made up of investment firms KKR, Cinven and existing shareholder Providence has offered EUR 22.50 per Masmovil share, some 20 percent more than their current price and equivalent to an overall business value of just under EUR 3 billion.

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[01/06/2020 10:51- Update: Adds official confirmation of bid and Masmovil statement.]


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Categories: General
Companies: Lebara / LlamaYa / Masmovil / Yoigo
Countries: Spain
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