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Wireless

Veon submits mandatory tender offer for rest of Global Telecom

Monday 11 February 2019 | 14:02 CET | News
Veon said that it has applied to make a public mandatory cash tender offer to the Egyptian Financial Regulatory Authority (FRA) for the purchase of up to 1.99 billion shares of Global Telecom Holdings (GTH), or 42.31 percent of GTH's issued shares, at a price of EGP 5.30 per share. The offer price represents a 45.8 percent premium over GTH's average three-month share price and a 50.5 percent premium over GTH's average six-month share price, respectively, up to 07 February.

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Categories: Mobile & Wireless
Companies: Veon
Countries: Egypt
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