Brief: Proximus Group Enters Into A Definitive Agreement To Acquire A Majority Stake In Route Mobile

Route Mobile

17/07/2023 05:10

July 17 (Reuters) - Proximus Nv  PROX.BR :
    * PROXIMUS GROUP ENTERS INTO A DEFINITIVE AGREEMENT TO
ACQUIRE A
MAJORITY STAKE IN ROUTE MOBILE
    * PROXIMUS GROUP - WILL ACQUIRE 57.56% OF SHARES IN ROUTE
MOBILE
THROUGH PROXIMUS OPAL
    * PROXIMUS GROUP-ANNUAL RUN-RATE EBITDA SYNERGIES REALIZED 3
YEARS
POST-CLOSING ARE EXPECTED TO BE AT LEAST EUR 90 MILLION
    * PROXIMUS GROUP -  DEAL FOR AN INITIAL INR 59,224 MILLION
(EUR
∼643,0 MILLION 4 ) CASH CONSIDERATION FOR A PRICE PER SHARE OF
1,626.40 INR
    * ACQUISITION OF MAJORITY STAKE IN ROUTE MOBILE AND MTO WILL
BE
FOLLOWED BY A REINVESTMENT OF EUR ∼299.6 MILLION

Source text: https://prx.ms/3ropJse
Further company coverage:  PROX.BR 

 ((Reuters.Briefs@thomsonreuters.com;))