Orange announces the completion of the squeeze-out process for Jazztel
Aug 18, 2015
Paris, Tuesday, August 18, 2015
Orange completed today the acquisition of the remaining 5.25 per cent of Jazztel’s share capital not previously owned by the Group. This transaction results from the exercise of the squeeze-out rights ensuing from Orange’s successful tender offer on Jazztel.
The squeeze-out has been exercised at a price of €13 per share, the same price as the offer. Following completion of the squeeze-out, Orange now owns 100 per cent of Jazztel, which will be delisted from the Spanish Stock Exchanges on 19 August 2015.