June 1, 2020 / 6:51 AM / a month ago

BRIEF-Masmovil: Cinven, KKR And Providence Launch Takeover Bid For Co For Maximum Of 2.96 Bln Euros

June 1 (Reuters) - Masmovil Ibercom SA:

* TAKEOVER OFFER PRESENTATION FOR THE COMPANY

* TAKEOVER OFFER FOR THE COMPANY LAUNCHED BY LORCA TELECOM BIDCO FOR 22.50 EUROS PER SHARE

* MAXIMUM AMOUNT TO BE PAID OF 2.96 BILLION EUROS

* TAKEOVER BY CINVEN, KKR AND PROVIDENCE IS SUBJECT TO ACCEPTANCE OF AT LEAST 50% OF SHARE CAPITAL

* SHAREHOLDERS WITH 29.56% OF THE CAPITAL HAVE ALREADY COMMITTED TO THE OFFER Source text: bit.ly/2ZWyURa Further company coverage: (Gdansk Newsroom)

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