Morgan Stanley Infrastructure Inc. made a public offer to acquire remaining 6% stake in Tele Columbus AG (XTRA:TC1) for 24.9 million on June 24, 2021. Morgan Stanley Infrastructure Inc. will acquire shares at a price of 3.25 per share in cash. Post transaction, Morgan Stanley Infrastructure Inc. will have 100% stake in Tele Columbus AG and Tele Columbus AG will get delisted at the close of an Offer.
York Schnorbus and Clemens Rechberger from Sullivan & Cromwell (Germany) LLP served as a legal advisor for Morgan Stanley Infrastructure.