Announcement of Regulated Information
OTE completed the acquisition of 30% stake in Telekom Romania
Athens, September 09, 2021 - Hellenic Telecommunications Organization S.A. ("OTE") following the announcements on 28.7.2021 and 30.7.2021 regarding the intention to acquire the 30% stake of Telekom Romania Mobile Communications S.A (TKRM), held by Telekom Romania Communications S.A. ("TKR"), as a required condition for the regulatory approval of the sale of the 54% stake OTE holds in TKR to Orange Romania, announces that, on September 09, 2021, the acquisition has been completed. As a result, OTE now controls near 100% of TKRM. The final purchase consideration, reflecting the equity value, stood at €58.9mn.
The announcement is issued in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016.
The relevant announcements of OTE and European Commission are available on the below links:
28.7.2021 OTE Announcement
30.07.2021 OTE Announcement
28.7.2021 EC Announcement
FOR FURTHER INFORMATION:
OTE GROUP INVESTOR RELATIONS
Tel.: +30 210 6118190
OTE - Hellenic Telecommunications Organization SA published this content on 09 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2021 14:31:01 UTC.