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General

Masmovil set to leave Spain's Ibex 35 after shareholders back takeover bid - report

Monday 14 September 2020 | 09:25 CET | News
Spanish operator Masmovil, the country's fourth largest network operator, is set to cease trading on the Ibex 35 benchmark stock market index of Spain's main companies on 14 September, after more than 50 percent of its shareholders accepted a takeover offer by a trio of private equity funds, reports Europa Press. Earlier this month, the Ibex technical advisory committee agreed to temporarily reduce the companies on the index to 34 if the majority of Masmovil's shareholders agreed to the EUR 22.50 a share tender offer put forward by the Lorca Telecom BidCo consortium of buyout funds KKR,

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Categories: General
Companies: Masmovil
Countries: Spain
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