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Italian watchdog clears Asterion bid to take over Retelit

Friday 16 July 2021 | 08:53 CET | News
Italian financial market regulator Consob has approved the bid by Spanish infrastructure fund Asterion Industrial Partners to buy out Italian telecommunications infrastructure provider Retelit via its indirectly-owned fund Marbles. Under the terms of the takeover prospectus cleared by watchdog, Asterion has agreed to pay out EUR 2.85 per share during a subscription period starting on 26 July and ending on 10 September. Retelit owns a 14,000 kilometre fibre-optic network and has been subject to so-called 'golden power' legislation aimed at protecting strategic industries since 2018, which is

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Categories: Fixed
Companies: Asterion / Retelit
Countries: Italy
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Related Info

Spain's Asterion launches bid to buy out Italy's Retelit, delist company
1 Jun | Italy | News
Retelit Q1 revenues up 16% to EUR 40 mln following Brennercom and PA Group buys
14 May | Italy | News
Telefonica sells four more data centres to Asterion in exchange for shares
10 May | Spain | News
Telefonica to sell four more data centres to Asterion subsidiary - report
17 Feb | Spain | News
Italy's AGCM clears Asterion acquisition of Retelit stake
8 Jan | Italy | News
Asterion acquires Spanish tower operator Axion for EUR 200 mln
13 Oct 2020 | Spain | News
Asterion acquires 24% of Italy's Retelit for EUR 93 mln
1 Oct 2020 | Italy | News
Telefonica finalises sale of 9 data centres to Asterion for EUR 472 mln
26 Jul 2019 | Spain | News
New Italian govt applies 'golden powers' on Retelit
8 Jun 2018 | Italy | News

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