The Competition and Market Authority (CMA) in the UK has approved the EE acquisition without remedies. BT will now complete the acquisition in the coming weeks. A prospectus will be issued in the week commencing 25th January with the deal set to close on January 29 (capital increase). Deutsche Telekom will receive 12% in shares of BT and Orange 4% plus cash. In addition a representative of Deutsche Telekom will be appointed to the BT board in due course.
19 Jan 2016
BT capital increase pending
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BT capital increase pending
Deutsche Telekom AG (DTE:WBO) | 0 0 0.8% | Mkt Cap: 62,447m
- Published:
19 Jan 2016 -
Author:
Heinz Steffen -
Pages:
2
The Competition and Market Authority (CMA) in the UK has approved the EE acquisition without remedies. BT will now complete the acquisition in the coming weeks. A prospectus will be issued in the week commencing 25th January with the deal set to close on January 29 (capital increase). Deutsche Telekom will receive 12% in shares of BT and Orange 4% plus cash. In addition a representative of Deutsche Telekom will be appointed to the BT board in due course.