€0.4 0.0 0.5%
Last Trade - 05/03/21
Market Cap | £5.22bn |
Enterprise Value | £29.94bn |
Revenue | £13.61bn |
Position in Universe | 53rd / 730 |
Jan 4 (Reuters) - Italtel's board accepted on Monday a bid by PSC Partecipazioni to acquire 100% of the group for 44 million euros ($54.09 million) and re-launch the company, the Italian telecoms equipment supplier said in a statement. "PSC's proposal was considered the best in light of the business plan... and the financing which ensures equilibrium and solidity for the short-medium term," Italtel said, adding that PSC would also provide a further investment of 30 million euros. Italtel had filed for debt restructuring in April. Its majority shareholder, IT company Exprivia XPR.MI , with an 81% stake, had also submitted a binding offer of 20 million euros through a capital increase and a further 13 million euros in tax credits. urn:newsml:reuters.com:*:nL8N2J81TI ($1 = 0.8134 euros) (Reporting by Federico Maccioni, editing by Giulia Segreti) ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))