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General

Zegona launches offer to become leading Euskaltel shareholder

Friday 19 October 2018 | 10:27 CET | News
UK-based telecom investment vehicle Zegona Communications has announced plans to raise its stake in Spain's Euskaltel by offering to buy 14.9 percent of its outstanding shares for EUR 7.75 each. Zegona currently owns 15.0 percent of Euskaltel and would increase its ownership to 29.9 percent, becoming the Spanish operator's leading shareholder ahead of Kutxabank, if the tender offer is accepted in full.

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