Orange: completes acquisition of Voo SA in Belgium
(CercleFinance.com) - Orange today announced that Orange Belgium has completed the acquisition of a majority stake in telecommunications operator VOO SA.
The completion of this transaction gives Orange Belgium a stake of 75%, minus 1 share, in VOO SA, while the remaining 25%, plus 1 share, is still held by Nethys.
This transaction values VOO at an enterprise value of E1.8bn for 100% of its capital. Orange Belgium will finance this transaction through an intra-group loan.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The completion of this transaction gives Orange Belgium a stake of 75%, minus 1 share, in VOO SA, while the remaining 25%, plus 1 share, is still held by Nethys.
This transaction values VOO at an enterprise value of E1.8bn for 100% of its capital. Orange Belgium will finance this transaction through an intra-group loan.
Copyright (c) 2023 CercleFinance.com. All rights reserved.