Free will leave the Stock Exchange, a symbol of a divorce Close the panel Open the panel App -icon - 512px V1 1 - Style/Logotypes/Le Figaro/Apps/jeux

By fashionlifeshopping 15/03/2022 979 Views

Subscribers OnlyBy Elsa Bembaron Posted, Updated

Financial markets shun telecoms.

Between the telecom operators and the Stock Exchange, it is the great disenchantment. Symbol of this anger, Iliad, the parent company of Free, is withdrawing from the financial markets, like Altice (which controls SFR) before it. Formally, the takeover bid launched by Xavier Niel on his group ended on the evening of September 24. The Financial Markets Authority will publish the notice of result on the 28th, with little suspense. To obtain an automatic delisting of Iliad, Xavier Niel must hold more than 90% of the shares of his group. As of September 14, he held 85.23%. For this, he will have spent around 3 billion euros. The price to pay to treat its shareholders, to whom it granted a premium of 52.7% (on the average price over the month preceding the announcement of the offer). The price to pay also to no longer be subject to the fluctuations of a very critical market on the growth prospects of telecom operators.

Read also Why Xavier Niel leaves the operator Free of the Stock Exchange