Inactive Instrument

Vantage Towers AG Deutsche Boerse AG

VTWR

DE000A3H3LL2

Vantage Towers to delist Frankfurt shares from Wednesday

March 21, 2023 at 05:24 am EDT

(Alliance News) - Vantage Towers on Tuesday said it plans to delist its shares, as the voluntary takeover by Oak Holdings GmbH takes effect.

The Dusseldorf, Germany-based, Europe-focused mobile tower company said it has signed a delisting agreement with Oak Holdings, meaning its shares will be delisted from the Frankfurt Stock Exchange and other comparable markets abroad on Wednesday.

They will also be delisted from Germany's Freiverkehr, or open market.

This follows the satisfaction of all conditions needed for the takeover last Thursday. Completion of the takeover is expected on Wednesday, along with the joint venture between Vodafone GmbH and Oak Consortium GmbH.

Back in December, Vantage had recommended the EUR32.00 per share offer from Oak Holdings to its shareholders.

Shares in Vantage Towers were down 1.4% to EUR32.84 each in Frankfurt on Tuesday.

By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Vantage Towers AG

Vantage Group Appoints Jean-Claude Geha as Chief Technology Officer	Apr. 03	CI
UK's Virgin Media O2 sells $437 mln mobile-towers stake to GLIL	23-10-31	RE
Britain's Virgin Media O2 nears stake sale in towers business to GLIL - sources	23-10-28	RE
Vodafone to Pocket Additional EUR500 Million on Scaling Down Vantage Towers Co-control Partnership	23-07-18	MT
Vodafone to receive EUR500 million from further sale of Vantage Towers	23-07-18	AN
Vodafone Group to Receive Further EUR500 Million from Vantage Towers Partnership	23-07-18	DJ
Vantage Towers AG Reports Earnings Results for the Full Year Ended March 31, 2023	23-06-19	CI
Vantage Towers AG Appoints Christian Hillabrant as New CEO	23-06-08	CI
Transcript : Vantage Towers AG, H1 2023 Earnings Call, Nov 14, 2022	22-11-14
KKR & Co. Inc. along with Tower Bridge Infrastructure Partners LP managed by Global Infrastructure Management, LLC made an offer to entered into an agreement to acquire 40.86222% stake in Vantage Towers AG (DB:VTWR) from Vodafone GmbHÂ for â‚¬6.6 billion.	22-11-08	CI
Transcript : Vantage Towers AG, Q1 2023 Sales/ Trading Statement Call, Jul 21, 2022	22-07-21

Chart Vantage Towers AG

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Company Profile

Vantage Towers AG is a Germany-based wireless telecommunications carrier company. The Company builds, operates and lease passive infrastructure such as: towers, masts, rooftop sites, Distributed Antenna Systems (DAS) and Small Cells. The Company's network, comprise of more than 82.000 towers across different countries, and its investment grade anchor tenant, Vodafone, has a coverage, that extends to more than 12 countries across the region. The Company provides maintenance services, together with round-the-clock remote monitoring of power, cooling and security.

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Construction & Engineering

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Sector Telecommunication Construction

	1st Jan change	Capi.
CHINA TOWER CORPORATION LIMITED	+12.20%	20.22B
DYCOM INDUSTRIES, INC.	+22.47%	4.05B
CHINA COMMUNICATIONS SERVICES CORPORATION LIMITED	+13.58%	3.26B
RUNJIAN CO., LTD.	-18.33%	1.31B
CHINA BESTER GROUP TELECOM CO., LTD.	-16.84%	1.3B
HELIOS TOWERS PLC	+4.04%	1.21B
MIRAIT ONE CORPORATION	+2.10%	1.14B
SITIOS LATINOAMÉRICA, S.A.B. DE C.V.	-23.52%	990M
EUROTELESITES AG	-1.93%	621M

Telecommunication Construction