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General

MasMovil denies EUR 6 bln attempt to acquire Vodafone Spain

Wednesday 23 October 2019 | 10:33 CET | News
Spain's Masmovil, the country's fourth largest network operator, has issued a statement denying a report that it was working with Goldman Sachs to acquire Vodafone Spain for EUR 6 billion. Online news site El Confidencial said Masmovil submitted a non-binding offer for Vodafone's Spanish subsidiary earlier this summer, citing unnamed sources close to the negotiations. MasMovil's offer was rebuffed by Vodafone, which requested EUR 8 billion for its Spanish unit, said the sources, adding that consultancy firm McKinsey even drew up a strategic plan estimating potential synergies of EUR 2

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Categories: General
Companies: Masmovil / Orange / Telefonica / Vodafone Spain
Countries: Spain
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