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IT

PLDT Online to sell part of Rocket Internet stake

Monday 16 April 2018 | 12:51 CET | News
Philippines operator PLDT has announced that its indirect subsidiary PLDT Online Investments has committed to accept the public share purchase offer of Rocket Internet for at least 6.8 million shares, or 67.4 percent of the total number of Rocket shares directly held by PLDT Online. Rocket earlier announced the buyback of up to 15.47 million Rocket shares through a public share purchase offer against payment of an offer price in the amount of EUR 24 per share. PLDT, through PLDT Online, currently has a 6.1 percent ownership stake in Rocket.

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Categories: Internet / IT
Companies: PLDT / Rocket Internet
Countries: Philippines
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