Zegona has entered into a deal contingent forward purchase agreement with Barclays Bank to hedge the full amount it expects to receive following the sale of 100% of the Spanish cable operator Euskaltel to a wholly owned subsidiary of MasMovil Ibercom.
MasMovil bids for Euskaltel
Spain’s MasMovil has made a cash offer of €11.17 per share to acquire 100% of the cable operator Euskaltel.
Zegona starts buyback programme
Zegona has announced a buyback programme of its ordinary shares in the Spanish cable operator Euskaltel for an aggregate purchase price of up to £10 million.
New board members for Zegona
Zegona has announced its intention to appoint Kjersti Wiklund and Suzi Williams as non-executive directors, effective February 5.
Zegona provides Euskaltel progress report
The Spanish cable operator Euskaltel’s new CEO José Miguel has “made a fast start with significant progress” in his first month.
Zegona strengthens Euskaltel board presence
Zegona has announced that it is making significant progress in its strategy to return the Spanish cable operator Euskaltel to growth.
José Miguel Garcia to head Euskaltel
José Miguel Garcia, Zegona’s proprietary director on the board of Spain’s Euskaltel, has been appointed Euskaltel’s CEO in place of Francisco Arteche.
Zegona edges closer to Euskaltel take-over
The UK venture capital fund Zegona expects to complete the acquisition of a further 14.9% stake in the Basque cable operator Euskaltel in the first week of February 2019.
Virgin to enter Spain through Euskaltel
Virgin Mobile is preparing to enter the Spanish market through what would be a partial take-over of the Basque cable operator Euskaltel by the venture capital firm Zegona.
Euskaltel board approves Telecable take-over
Consolidation in Spain’s cable industry is gathering pace, with the board of Euskaltel agreeing to the acquisition of Telecable and Zegona as a 15% shareholder in the newly expanded Euskaltel Group.