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General

Masmovil shareholder asks CNMV to probe EUR 3 bln takeover

Wednesday 24 June 2020 | 15:58 CET | News
UK-based investment fund Polygon has asked Spanish securities market regulator CNMV to examine the validity of the joint bid to take over telecommunications provider Masmovil, the country's fourth largest network operator, launched by three buyout funds earlier this month. In its letter, Polygon, which owns just over 1 percent of Masmovil, expressed "great concern" about the bid from Lorca Telecom Bidco, a company indirectly owned by KKR, Cinven and existing shareholder Providence.

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Categories: General
Companies: Masmovil
Countries: Spain
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