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General

Zegona withdraws Euskaltel tender offer

Monday 24 December 2018 | 09:02 CET | News
UK-based telecom investment vehicle Zegona Communications announced the cancellation of its tender offer to acquire 15 percent of the share capital of Spanish operator Euskaltel, saying it will now seek to increase its interest via market purchases alone. In a statement, the company cited a "deterioration in equity market conditions" as the reason for withdrawing its tender offer, adding that the deal would not have been acceptable to its shareholders.

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