Vantage Towers to Delist After Takeover
21 Marzo 2023 - 8:25AM
Dow Jones News
By Adria Calatayud
Vantage Towers AG said Tuesday that it will apply for a
delisting of its shares from the Frankfurt Stock Exchange as a
takeover offer by Oak Holdings GmbH launched in November is due to
be completed Wednesday.
Oak Holdings is a joint venture formed by Vantage shareholder
Vodafone Group PLC and a consortium of KKR & Co. and Global
Infrastructure Partners LLC.
Vantage said it has entered into a delisting agreement with Oak
under which outstanding shareholders in the German
telecommunications-infrastructure company will be offered 32 euros
($34.31) a share, valuing the target at EUR16.2 billion.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
March 21, 2023 03:10 ET (07:10 GMT)
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