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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  MásMóvil Ibercom, S.A.    MAS   ES0184696104

MÁSMÓVIL IBERCOM, S.A.

(MAS)
  Report
Delayed Quote. Delayed Bolsas y Mercados Espanoles - 11/03 11:38:00 am
22.5 EUR   --.--%
11/23MÁSMÓVIL IBERCOM S A : Actualización 3Q20
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11/02MÁSMÓVIL IBERCOM S A : Precio de la ampliación del bono de Lorca
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10/27MÁSMÓVIL IBERCOM S A : Delisting of the Company's shares
PU
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Blackrock trims stake in Spanish takeover target MasMovil

07/17/2020 | 07:26am EST
People attend the Masmovil bourse debut in Madrid

U.S. investment fund BlackRock trimmed its stake in Spanish telecom operator MasMovil to 4.27% from 5.7% over the past week, regulatory filings showed.

The move comes after MasMovil's board backed a $3 billion bid by funds Providence, Cinven and KKR to take the company private, kicking off Europe's first major deal of its kind since the coronavirus pandemic roiled global markets.

Blackrock is the fifth biggest shareholder in MasMovil, having built up its holding after the bid was announced. It had held 5.7% last Friday.

MasMovil's stock has held above the offer price of 22.50 euros ($25.70) since the bidders showed their hand on June 1, suggesting some investors expect a rival suit or improved bid for the firm, which has bought up low-cost brands including Lebara and Yoigo to stand up to global firms Telefonica Vodafone and Orange in the Spanish market.

Some minor shareholders have demanded a higher price for MasMovil, of which bidder Providence is the second biggest shareholder, with just over 9%.

Nevertheless, the bidders secured a $2 billion loan to fund the deal, and people close to the matter have told Reuters they expect to finalise it in the last three months of this year.

A Blackrock spokeswoman did not immediately respond to a request for comment.

(Reporting by Isla Binnie in Madrid and Abhinav Ramnarayan in London; Editing by Edmund Blair)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BLACKROCK, INC. 2.41% 699.3 Delayed Quote.39.11%
KKR & CO. INC. -1.09% 38.19 Delayed Quote.30.92%
MÁSMÓVIL IBERCOM, S.A. 0.00% 22.5 Delayed Quote.10.62%
TELEFONICA S.A. 8.98% 3.592 Delayed Quote.-42.32%
VODAFONE GROUP PLC 2.74% 125.32 Delayed Quote.-14.61%
All news about MÁSMÓVIL IBERCOM, S.A.
11/23MÁSMÓVIL IBERCOM S A : Actualización 3Q20
PU
11/02MÁSMÓVIL IBERCOM S A : Precio de la ampliación del bono de Lorca
PU
10/27MÁSMÓVIL IBERCOM S A : Delisting of the Company's shares
PU
10/16Europe telecoms lobby group 'denounces' bans on Chinese vendors
RE
09/25MasMovil says has not been in talks with Vodafone
RE
09/25MasMovil says had no contacts with Vodafone over potential takeover
RE
09/24MÁSMÓVIL IBERCOM S A : Call of EGM
PU
09/10Sufficient MasMovil shareholders support take-private deal
RE
09/10Sweden's EQT to buy Idealista for $1.5 billion in hot Spanish market
RE
08/12Liberty Global surprises with $7.4 billion deal to buy Sunrise in latest tele..
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More news
Financials
Sales 2020 1 864 M - -
Net income 2020 126 M - -
Net Debt 2020 1 922 M - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 2 956 M 3 505 M -
EV / Sales 2020 2,62x
EV / Sales 2021 2,22x
Nbr of Employees 964
Free-Float 6,54%
Chart MÁSMÓVIL IBERCOM, S.A.
Duration : Period :
MásMóvil Ibercom, S.A. Technical Analysis Chart | MAS | ES0184696104 | MarketScreener
Income Statement Evolution
Managers
NameTitle
Meinrad Spenger Chief Executive Officer & Director
Eduardo Díez-Hochleitner Rodríguez Chairman
José María del Corro Chief Financial Officer
Santos Fernandez Miguel Chief Technology Officer
José Eulalio Poza Sanz Vice Chairman
Sector and Competitors