Thursday, May 12, 2016

The KKR, Apax Partners and CVC funds interested in O2 – Pysn People and Society News

 
         
 
         

News of Spain

Telefonica already has the first suitors to buy O2. As reported in Thursday ‘Sky News’, venture capital firms Apax Partners, CVC and KKR are interested in block by British mobile subsidiary of the Spanish multinational. After learning this news, Telefonica shares have soared 4%.

As reported in this medium, these three firms that specialize in the telecommunications business would be willing to pay 10,000 million pounds ( more than 12.500 million euros).

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the mobile telephony subsidiary of Telefónica in the UK again to seek suitors after yesterday the European Commission vetoed the agreement multinational presided by Jose Maria Alvarez-Pallete he had come with Hutchinson, who wanted to merge with its subsidiary O2 Three.

Four keys to understanding the veto Brussels sale of O2

On the other hand, Thursday Alvarez-Pallete said its shareholders the company already “analyzes various strategic alternatives,” including included the possible IPO Texius. In the general meeting of shareholders Telefonica chairman said that the company’s debt ka improve this year thanks to anticipated future generation of cash and “other management operations” of its asset portfolio.


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