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General

Spain's Masmovil launches EUR 2 bln bid to buy Basque operator Euskaltel

Monday 29 March 2021 | 08:45 CET | News
Update: 29 March 2021 | 10:25 CET
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, has announced a bid to take over rival firm Euskaltel for around EUR 2 billion. In a statement to market regulator CNMV, Masmovil said shareholders holding 52.32 percent of Euskaltel's capital have already agreed to the terms of the friendly takeover at a price of EUR 11.17 per share in cash, a premium of 26.8 percent on the weighted average price of the shares over the past 6 months. The offer was conditional on securing at least 75 percent plus one share of the capital as well as competition and

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[29/03/2021 10:25- Update: Adds Euskaltel comments.]


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Categories: General
Companies: Euskaltel / Masmovil / R / Telecable / Virgin Telco
Countries: Spain
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