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General

Over 86% of Masmovil shareholders back takeover bid - report

Thursday 17 September 2020 | 15:24 CET | News
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The vast majority of shareholders in Spanish operator Masmovil, the country's fourth largest network operator, have accepted a takeover offer by a trio of private equity funds valuing the company at around EUR 3 billion, reports Expansion. According to a bourse filing, holders of 86.4 percent of the company agreed to the EUR 22.50 a share tender offer put forward by the Lorca Telecom BidCo consortium of buyout funds KKR, Cinven and Providence in June. The new owners will now need to call a shareholder meeting to approve their strategy to exclude Masmovil from the stock market, said the

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Categories: General
Companies: Masmovil
Countries: Spain
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