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General

Lorca consortium acquires over 99% of Masmovil shares ahead of delisting

Wednesday 4 November 2020 | 15:14 CET | News
The Lorca Telecom BidCo consortium of buyout funds KKR, Cinven and Providence has finally acquired 99.32 percent of the shares of Spanish operator Masmovil, which has now been delisted from the Madrid, Barcelona, Bilbao and Valencia stock exchanges. The EUR 3 billion takeover of Spain's fourth largest network operator was initially backed by 86.41 percent of shareholders, with Europa Press reporting that the Lorca consortium subsequently acquired 16.99 million additional shares, representing 12.9 percent of the share capital, in a sustained purchase order.

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Categories: General
Companies: Masmovil
Countries: Spain
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