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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Zegona Communications Plc | LSE:ZEG | London | Ordinary Share | GB00BVGBY890 | ORD �0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 6.00 | 2.56% | 240.00 | 234.00 | 242.00 | 240.00 | 236.00 | 236.00 | 29,661 | 12:51:46 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 0 | -15.55M | -2.5194 | -0.94 | 14.57M |
From May 2023 to May 2024
By Christian Moess Laursen
Zegona Communications confirmed it is in discussions with Vodafone Group regarding a potential acquisition of the U.K.-based telecommunications group's Spanish business, the company said Friday.
The confirmation follows a report by Spanish business newspaper Expansion that the European telecommunications-investment company is planning to buy a 50% stake in the unit, in a deal that would value the business at more than 5 billion euros ($5.33 billion).
Zegona Communications' shares have been temporarily suspended from trading on the London Stock Exchange as a result, as the deal would constitute a reverse takeover.
There is no certainty the potential acquisition will proceed nor to the terms of any such acquisition, the company said.
Vodafone didn't immediately respond to a request for comment on the Expansion article.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
September 22, 2023 04:36 ET (08:36 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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