Brief: Hungarian IT firm 4iG and Hungarian state sign non-binding term sheet to acquire Vodafone Magyarorszag Tavkozlesi Zrt

4ig.

22/08/2022 07:09

Aug 22 (Reuters) - Hungarian IT firm 4iG Nyrt  IGNY.BU 
says:
    * SIGNED NON-BINDING TERM SHEET REGARDING ACQUISITION OF 51%
OF
VODAFONE MAGYARORSZAG TAVKOZLESI ZRT
    * PARTNERED WITH THE HUNGARIAN STATE, REPRESENTED BY
CORVINUS
ZRT., TO ACQUIRE 100% STAKE IN VODAFONE MAGYARORSZAG TAVKOZLESI
ZRT.
    * TRANSACTION HAS AN ENTERPRISE VALUE OF HUF 715 BILLION
    * HUNGARIAN STATE TO HAVE 49% STAKE
    * PLANNED TRANSACTION EXPECTED TO CLOSE BY END OF 2022,
SUBJECT TO
CONFIRMATORY DUE DILIGENCE
    * IN 2021/22 FINANCIAL YEAR VODAFONE'S ANNUAL NET REVENUE
WAS HUF
278 BILLION

Source text for Eikon: [ID: https://bet.hu/newkibdata/128769559/4iG_20220822_RT_Vodafone_ENG.pdf
]
Further company coverage:  IGNY.BU 

 (Reporting by Anita Komuves; Editing by Toby Chopra)
 ((KOMUVES.Anita@thomsonreuters.com;))