Nethys to convert stake in telecoms company VOO into Orange Belgium shares (updated)

Orange Belgium NV

21/11/2023 06:30

(Adds details and background in paragraphs 2 and 3)
       BRUSSELS, Nov 21 (Reuters) - Telecoms and energy company
Nethys will convert its stake in Belgium telecoms firm VOO into
shares in Orange Belgium  OBEL.BR , resulting in Nethys holding
an 11% stake in Orange Belgium, said Orange Belgium on Tuesday.
    The planned transaction forms part of an earlier process
that resulted in Orange Belgium, which is a unit of France's
biggest telecoms company Orange  ORAN.PA , complete the
acquisition of a majority stake in VOO.
    Orange's acquisition of the majority stake in VOO, which had
valued VOO at 1.8 billion euros ($1.96 billion), gave the
company control over the cable network in Belgium's French
speaking Wallonia region and part of the Brussels area.
    ($1 = 0.9168 euros)

 (Reporting by Sudip Kar-Gupta; Editing by Christopher Cushing
and Muralikumar Anantharaman)
 ((sudip.kargupta@thomsonreuters.com;))