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General

Masmovil buyers commit to keeping jobs and strategic plan

Monday 24 August 2020 | 09:49 CET | News
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The board of directors of Spanish operator Masmovil said the buyout funds KKR, Providence and Cinven funds have committed to maintaining all existing jobs for a year and continuing with the company's strategic plan if their takeover is successful. The consortium called Lorca Telecom BidCo values the company at around EUR 3 billion and fully supports the management team's plans and future business strategy, said the board in a statement to markets regulator CNMV, adding that Lorca has no intention of making any changes to the working conditions of employees and managers in the 12 months

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Categories: General
Companies: Masmovil
Countries: Spain
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