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General

Telefonica offers to buy out Peru minority shareholders

Thursday 2 April 2020 | 13:59 CET | News
Latin American Cellular Holdings, Telefonica's local holding company, has made a new offer to buy class B shares from minority shareholders in Telefonica del Peru, reports Cinco Dias. The offer of PEN 2.08 per share for 36 million class B shares (around 1.5 percent of the unit) is worth around PEN 74.9 billion and expires on 23 April. Telefonica previously acquired 11.45 million shares in a first offer that closed on 31 March.

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Categories: General
Companies: Telefonica / Telefonica del Peru
Countries: Peru
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