Polygon hires adviser to value Orange Belgium share buyback plan

Orange Belgium NV

01/02/2021 07:24

LONDON, Feb 1 (Reuters) - Private investment firm Polygon
Global Partners said on Monday it has hired investment bank
Ondra to value Orange Belgium's intention to buy all the shares
in itself that it does not own.
    Ondra will carry out a valuation of the Belgian mobile phone
operator, in which Polygon's European Equity Opportunity Master
Fund and certain client accounts collectively hold 5.29% of
Orange Belgium's share capital, Polygon said.
    "Polygon remains supportive of the strategy pursued by
Orange Belgium and continues to believe that a price of 22 euros
per share would substantially undervalue the company on a
standalone basis," Polygon said in a statement.

 (Reporting by Huw Jones; editing by Jason Neely)
 ((huw.jones@thomsonreuters.com; +44 207 542 3326; Reuters
Messaging: huw.jones.thomsonreuters.com@reuters.net))