Invitel Holdings A/S Announces Final Closing of Equity Transaction Between TDC A/S and Mid Europa Partners
23 Noviembre 2009 - 4:50PM
Business Wire
Invitel Holdings A/S (NYSE Amex U.S.:IHO) (“Invitel”) announced
today the completion of the second and final stage of the
acquisition by Mid Europa Partners Limited (“Mid Europa”) of the
Invitel shares held by TDC A/S (64.6% of the outstanding shares,
TDC’s entire shareholding), which has resulted in Mid Europa
becoming the controlling shareholder of Invitel. On November 2,
2009, TDC transferred 1/2 of its 64.6% equity stake to Mid Europa.
Following the receipt of the final regulatory approval to the
transaction last week, TDC transferred the remaining 1/2 of its
equity stake to Mid Europa today.
As a result of the completion of the final stage of the equity
transaction, the two alternate directors (Thierry Baudon and
Michael Krammer) have replaced the two remaining TDC
representatives on Invitel’s board of directors (Morten Bull
Nielsen and Henrik Scheinemann).
ABOUT INVITEL HOLDINGS A/S
Invitel Holdings A/S is the number one alternative and the
second-largest fixed line telecommunications and broadband internet
services provider in the Republic of Hungary. In addition to
delivering voice, data and internet services in Hungary, it is also
a leading player in the Central and Eastern European wholesale
telecommunications market.
Forward-Looking Statements and
Legal Information
The information above includes forward-looking statements about
the Invitel Group. These and all forward-looking statements are
only predictions of current plans that are constantly under review
by Invitel Holdings. Such statements are qualified by important
factors that may cause actual results to differ from those
contemplated, including those risk factors detailed from time to
time in Invitel Holdings’ U.S. Securities and Exchange Commission
(“SEC”) filings, which may not be exhaustive. For a discussion of
such risk factors, see Invitel Holdings’ filings with the SEC
including, but not limited to, its 2008 Annual Report on Form 20-F.
Invitel Holdings operates in a continually changing business
environment, and new risk factors emerge from time to time. Invitel
Holdings cannot predict such new risk factors, nor can it assess
the impact, if any, of such new risk factors on its business or
events described in any forward-looking statements. Invitel
Holdings has no obligation to publicly update or revise any
forward-looking statements to reflect the occurrence of future
events or circumstances.
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