FRANKFURT (Dow Jones) — Oak Holdings, the joint venture between Vodafone and investors GIP and KKR, is seeking to delist Vantage Towers. As part of the public delisting acquisition offer, a consideration of EUR 32.00 per Vantage Towers share is offered, Oak Holdings announced. This corresponds to the price of the takeover bid submitted last year. The delisting purchase offer is not subject to any conditions.
Vantage Towers has entered into a delisting agreement with Oak Holdings, under which the radio tower operator will apply for the delisting of its shares from trading on the regulated market of the Frankfurt Stock Exchange. In addition, the company will take measures to allow the shares to be traded over-the-counter on the stock exchanges in Berlin (including inclusion in the Berlin Second Regulated Market), Düsseldorf, Hamburg, Hanover, Munich and Stuttgart, via the Tradegate Exchange and any other exchange served by Vantage Towers AG becomes known.
Contact the author: [email protected]
DJG/cbr/mgo
(END) Dow Jones Newswires
March 21, 2023 01:53 ET (05:53 GMT)
Leverage must be between 2 and 20
No data