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General

Zegona in new capital hike to increase Euskaltel stake

Monday 14 January 2019 | 10:44 CET | News
UK-based telecom investment vehicle Zegona Communications announced a new proposed placing of a minimum of 95,238,096 new ordinary shares in the capital of the company to raise equity proceeds of at least GBP 100 million with a view to increasing its stake in Spanish operator Euskaltel. After cancelling its tender offer to double its stake by acquiring an additional 15 percent of the share capital of Euskaltel, Zegona said it's now looking to increasing its ownership position in the Spanish operator by up to a maximum of 12.5 percent through market purchases at a price it considers attractive

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Categories: General
Companies: Euskaltel / Telecable / Zegona
Countries: Spain
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