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

MÁSMÓVIL IBERCOM, S.A.

(MAS)
  Report
End-of-day quote. End-of-day quote Bolsas y Mercados Espanoles - 11/03
22.5 EUR   0.00%
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
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Masmovil board backs private equity bid after no rival offers emerge

08/07/2020 | 04:45am EST
A balloon with the logo of  Masmovil is seen during its bourse debut in Madrid

The board of MasMovil, the Spanish telecoms group, has issued a favourable opinion of a takeover bid by a trio of private equity funds and said it had looked for other potential buyers but no firm bid had emerged.

MasMovil's board had agreed in June on a $3 billion offer from KKR, Providence and Cinven and described it as beneficial for the company, which has taken market share from bigger rivals in Spain's fiercely competitive telecoms market.

The board also said that some shareholders had complained the consortium of KKR, Providence and Cinven were offering too little.

MasMovil said one board member, Rafael Dominguez, who holds 8.25% of the company, considers the offer price is too low and plans to vote against it.

MasMovil set up a team to look for competing offers with the help of Goldman Sachs but said it received no firm expressions of interest from anyone who might launch a higher bid or any "strategic alternatives."

Minority shareholder Polygon said in June the terms of the bid, which included a commitment to sell from holders of 30% of MasMovil's stock, made any competing bid impossible.

Spain's market regulator approved the bid last month.

MasMovil said senior Providence executive John Hahn, who sits on MasMovil's board by virtue of his fund's 9% stake in the company, declared a conflict of interest and abstained from all discussions and votes on the matter.

(Reporting by Isla Binnie. Editing by Jane Merriman)

By Isla Binnie


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
KKR & CO. INC. 2.61% 38.92 Delayed Quote.30.03%
MÁSMÓVIL IBERCOM, S.A. 0.00% 22.5 End-of-day quote.10.62%
THE GOLDMAN SACHS GROUP, INC. 1.20% 232.08 Delayed Quote.2.38%
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
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09/25MasMovil says had no contacts with Vodafone over potential takeover
RE
09/24MÁSMÓVIL IBERCOM S A : Call of EGM
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09/10Sufficient MasMovil shareholders support take-private deal
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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
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MÁSMÓVIL IBERCOM, S.A.10.62%3 505
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