Orange Mulls Bid For Remaining Stake in Spain's Masorange, Expansion Says, Citing Sources

--Orange--which owns 50% of Spanish operator Masorange-- is in talks with financial advisors to plan for the purchase of the other 50% stake from Providence, KKR and Cinven, among others, Expansion reports citing unnamed sources.

--The timetable for the potential acquisition is determined by a shareholders' agreement establishing that, from the closing of the merger, which took place on March 26, 2024, there is a two-year period during which the stakeholdersare prohibited from selling shares, the Spanish newspaper says.

Full story: https://tinyurl.com/bdfs8xtu

Write to Najat Kantouar at [e-mail]

(END) Dow Jones Newswires

05-12-25 0507ET