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General

Spanish regulator clears Orange's takeover of Jazztel

Wednesday 27 May 2015 | 08:45 CET | News
Spain's market regulator CNMV has authorised Orange's offer to take over Spanish broadband operator Jazztel a week after the European Commission approved the EUR 3.4 billion deal. Last September the French group made a voluntary tender offer for 100 percent of Jazztel shares at EUR 13 per share in cash, a offer that will be open from 28 May to 24 June. The EC finally approved the transaction after Orange agreed to a series concessions designed to address competition concerns by creating a fourth major player in Spain.

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Categories: General
Companies: European Commission / Jazztel / Orange
Countries: Spain
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