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Romania's DIGI hires Rothschild to evaluate possible IPO of Spanish business, Expansion reports

MADRID, Sept 12 (Reuters) - Romanian telecoms company DIGI DIGI.BX has hired investment bank Rothschild to evaluate a possible share listing for its Spanish business on the Madrid stock exchange, newspaper Expansion reported on Friday, citing unidentified market sources.

DIGI's Spanish business could be worth about 2.5 billion euros, the newspaper said.

DIGI's expansion in Spain has accelerated after it took over assets sold by larger operators Orange ORAN.PA and MasMovil when they merged last year. It now has 9.6 million customers in Spain, its website says.

Rothschild and DIGI did not respond immediately to requests for comment.

 (Reporting by Inti Landauro
Editing by David Goodman
)

 ((Inti.Landauro@thomsonreuters.com;))

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