Nethys has now confirmed to Orange Belgium its intention to convert its stake in the telco operator VOO into Orange Belgium shares.The option is available to Nethys as part of the acquisition of VOO by Orange Belgium.
At the end of this process, Nethys will obtain an 11% stake in Orange Belgium and retain, once in the capital of Orange Belgium, the governance rights associated with its stake in VOO.
The transaction will be presented to the Orange Belgium board of directors in the next few days. It will then be analysed by a committee of independent Orange Belgium directors, with the support of an independent expert, who will submit an opinion to the board of directors. The transaction will then have to be approved by the general assembly of Orange Belgium.
Orange Belgium completed the acquisition of a 75% stake minus one share in VOO in June this year.
