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General

Telenor enters Finland with acquisition of 54% of DNA for EUR 1.5 bln

Tuesday 9 April 2019 | 10:41 CET | News
Telenor Group said it has agreed to acquire 54 percent of the shares in the Finnish telecom operator DNA for EUR 20.90 each in cash, or a total of EUR 1.5 billion. The acquisition is through separate agreements with DNA's two largest shareholders, Finda Telecoms and PHP Holding, which own 28.3 percent and 25.8 percent respectively. Completion would trigger a mandatory public buy-out offer of the remaining DNA shares at the same price.

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Categories: General
Companies: DNA / Telenor
Countries: Finland / Norway
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