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General

Orange sells remaining stake in BT for GBP 486 mln

Friday 28 June 2019 | 10:16 CET | News
Orange has completed the sale of its residual participation in BT Group for a net amount of GBP 486 million. The company said that it would sell approximately 248 million BT shares through a private placement, representing around 2.5 percent of the group's share capital, with settlement planned for 02 July. Of the total shares, around 41 million have been acquired by BT. Orange had previously said that BT would participate in the sale with a GBP 80 million irreducible order at the placement price.

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Categories: General
Companies: BT / Orange
Countries: United Kingdom
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