british past Zegona closed the acquisition of its subsidiary Vodafone in Spain For 5,000 million euros. This company is listed on the London Stock Exchange. Founded in 2015For the purpose of Investing in companies in the European telecommunications sectormedia and technology is led by Eamonn O’Hare and Robart Samuelson, two former executives of British telecommunications company Virgin Media.
This company operates as: empty shellThey cover their investments only with debt. On this occasion, he managed to provide him with a loan of over 4,000 million from Deutsche Bank, ING and UniCredi banks; It is necessary to add to this the approximately 1,000 million that Vodafone lent in exchange for preferred shares. Now, Zegona should increase capital this allows you to cancel some of these obligations. The agreement between Vodafone and Zegona includes the use of the brand for a period of ten years; This period can be extended to other topics such as operator services, internet of things or the internet. roaming.
Zegona available in Spain since 2015
Although Zegona currently carries out its largest operation in Spain, it is not an unknown situation in the country. Fund in 2015 Asturias acquires cable company Telecable For 640 million euros. Just two years later, Basque Euskaltel integrated the Zegona company into its organizational chart, retaining a 15% stake, and eventually divested it in 2021. In the same year, MásMóvil launched a public acquisition bid (takeover bid) of 2,000 million euros. It was accepted by almost all shareholders of Euskatel.
Between 2016 and 2017, Zegona also tried to acquire Yoigo and negotiated the operation only with the Swedish company TeliaSonera, which controls more than 75% of the shares. The rest was in the hands of ACS, FCC and Abengoa. In the end, it was MásMóvil who closed the operation for 612 million euros.