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General

Providence sells 14% stake in Spain's Masmovil for EUR 246 mln

Tuesday 23 January 2018 | 09:46 CET | News
Spanish operator Masmovil announced in a regulatory filing that Luxembourg-based private equity firm Providence Equity Partners has sold a 14.03 percent stake in the company for EUR 245.7 million. A total of 2.8 million shares were sold at EUR 87.75 a share, said Masmovil, adding that over 50 top-tier institutional investors took part in the sale, reflecting the interest of the international investment community in one of Europe's fastest growing operators.

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Categories: General
Companies: Masmovil
Countries: Spain
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