Nethys to convert stake in telecoms company VOO into Orange Belgium shares
Reuters
Published Nov 21, 2023 06:31
Updated Nov 21, 2023 06:41
BRUSSELS (Reuters) - Telecoms and energy company Nethys will convert its stake in Belgium telecoms firm VOO into shares in Orange Belgium, resulting in Nethys holding an 11% stake in Orange Belgium, said Orange Belgium on Tuesday.
The planned transaction forms part of an earlier process that resulted in Orange Belgium, which is a unit of France's biggest telecoms company Orange, complete the acquisition of a majority stake in VOO.
Orange's acquisition of the majority stake in VOO, which had valued VOO at 1.8 billion euros ($1.96 billion), gave the company control over the cable network in Belgium's French speaking Wallonia region and part of the Brussels area.
($1 = 0.9168 euros)
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Written By: Reuters
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