LONDON, Oct 10 (Reuters) - British telecoms company BT Group Plc BT.L said on Wednesday it was buying 68.6 percent of Net2S SA from four controlling founding shareholders, in a deal valuing the French company at 68.5 million euros ($96 million).
BT said in a statement the deal was worth 5.27 euros per Net2S share. It will issue shares in exchange for 5.57 million Net2S shares representing 42.9 percent of its issued share capital held by three founding shareholders. The remaining 3.34 million Net2S SA shares being acquired will be paid for in cash.
((Reporting by Dan Lalor firstname.lastname@example.org +44 20 7542-2737))
($1 = 0.7120 euro) Keywords: BT NET2S/
C Reuters 2007. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nWLB3104
Our Standards: The Thomson Reuters Trust Principles.