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Tele Columbus shareholders approve EUR 475 ml capital increase at EGM

Wednesday 20 January 2021 | 16:47 CET | News
German cable operator Tele Columbus said that 90 percent of its shareholders have approved a capital increase of EUR 475 million at the Extraordinary General Meeting (EGM). Kublai, a company affiliated with Morgan Stanley Infrastructure, announced a voluntary public takeover offer for Tele Columbus on 21 December at EUR 3.25 per share. The bidding company has agreed to provide additional equity of up to EUR 75 million for implementation of the fibre-optic strategy.

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Categories: Fixed / General
Companies: Morgan Stanley / Tele Columbus
Countries: Germany
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