Orange completes Spanish squeeze-out

jazztelOrange has completed the acquisition of the 5.25% of Spanish alternative telco Jazztel that it did not already own through a squeeze-out process.

Orange implemented the squeeze-out with an offer of €13 a share, the same price it offered for the Jazztel shares it acquired through its offer for the company.

Completion of the process gives Orange 100% ownership of the telco, and the company will be delisted from the Spanish stock exchange on August 19.

Tags: Jazztel, Orange, Spain

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