Stock Market – Masmovil delists from stock market after 9 years
The transfer comes after the Lorca Telecom BidCo consortium of buyout funds KKR, Cinven and Windfall acquired 99.32 p.c of the shares of the Spanish operator for round EUR three billion at EUR 22.50 per share following a profitable bid launched in June. Lorca stated it supposed to exclude Masmovil from the stock market to permit the corporate to implement its long-term marketing strategy free from the stress of market fluctuations.
Masmovil joined Spain’s various MAB market as Ibercom again in 2012 earlier than leaping to the continual market in 2017 and the Ibex 35 benchmark index of Spain’s primary corporations in 2019. Its shares rose from a minimal of EUR 0.43 in 2013 to a most of EUR 26 in 2018.
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