Rome, 2 December 2019 – Having received the required regulatory approval, GEDI has finalised the sale of its 30% stake in Persidera to F2i TLC 2 and Ei Towers today.
As determined in June with the contract parties, Persidera was split into two separate entities beforehand. The first, (Persidera), owner of frequency usage rights, was sold to F2i TLC 2, and the second, NetCo, network infrastructure holder, was sold to Ei Towers.
The total consideration for GEDI, originally equal to € 74.5 million, increased by € 0.9 million, representing accrued interest from 1st August, and was paid net of dividends already received for € 4.3 million.
With this transaction, the group’s net financial debt decreases by € 71.1 million.
This website employs third party technical cookies and analytical cookies to analyze navigation for
statistical purposes. By clicking on accept you are consenting to the installation of all the cookies. In order
to personalize your consent to the installation of cookies, click on modify settings. For more information,
ACCEPT AND CONTINUE
This is not a compatible browser. To continue to navigate on this site, an updated or more recent browser is necessary
Choose the cookies you wish to accept
Technical cookies: are necessary to permit your navigation on this website and use of its functions. In particular, they enable functions without which the full utilization of this website would not be possible, in that their presence enables basic functions like page navigation and access to protected areas on the website.
Third party analytical cookies: analytical cookies are used to monitor performances on this website, for example, to know the number of pages visited or the number of users who have visited a certain section. The cookies’ analysis generates statistical data that are also useful to evaluate eventual changes and improvements to the website itself. This website also uses Google Analytics, as a provider of statistical cookies, a web analysis service provided by Google, Inc. ("Google"). You can obtain more information about the activities of data handling deployed by Google Analytics at the following address: https://support.google.com/analytics/answer/6004245.
ACCEPT AND CONTINUE
Before accessing the contents of this website, please read and accept the legal notice below.
The documentation and information contained in this area of the website are accessible only to persons who are not currently domiciled or located in the United States of America, Australia, Canada, Japan, or in any other jurisdiction other than Italy in which it is required an authorization by the competent regulatory authorities or other fulfillments (such Countries, included the United States of America, Australia, Canada, Japan, jointly the “Other Countries”).
The document and information contained in this area of the website are not, and must not be sent, or in any other way transmitted to or distributed to, directly or indirectly, in the United States of America, Australia, Canada, Japan or any Other Countries.
The documentation and information contained in this area of the website are not, and must not be sent by, or transmitted to or distributed to, directly or indirectly, persons resident or physically present in the United States of America, Australia, Canada, Japan, and do not constitute and cannot be interpreted as an offer to purchase or a solicitation of an offer to sell financial instruments addressed to U.S. Persons - as defined under the U.S. Securities Act of 1933, as amended, or to persons resident in Other Countries. The shares of COFIDE – Gruppo De Benedetti S.p.A. – which will change its company name to “CIR S.p.A. – Compagnie Industriali Riunite” on the effective date of the merger by incorporation with CIR S.p.A. – Compagnie Industriali Riunite - referred to in this area of the website have not been and will not be registered under the U.S. Securities Act of 1933, and may not be offered or sold in the United States of America absent registration or an applicable exemption from registration thereunder.
In order to access the information and documents contained in this area of the website I declare under my personal liability: not to be currently a U.S. Person, and not to find me at present in or not to be resident in the United States of America, Australia, Canada, Japan, or in any Other Country, and I have fully understood and accepted the limitations reported above.