Telefónica Sells 45% Of Its Rural Fibre To Natixis And Crédit Agricole For More Than 1 Billion Euros
Vauban and Predica, which submitted their binding offer for the asset on Tuesday 19 July, had made the best proposal and had been negotiating since Thursday to iron out the details of the deal. The price of 1,021 million euros paid by the buyers for 45% of the capital values 100% of the company at US$2,561 million, which Telefónica says is “an implied multiple of 27.1 times the company’s pro…