Spanish Cable Operator Ono Submits Preliminary IPO Prospectus -FT
January 29 2014 - 2:21PM
Dow Jones News
Spanish cable operator Ono SA, reportedly a takeover target, has
filed a preliminary prospectus for an initial public offering with
Spain's market regulator, the Financial Times reported Wednesday,
citing people familiar with the situation.
Previous media reports have said the company was preparing an
IPO, but has also received acquisition interest from Vodafone Group
PLC (VOD) and Liberty Global PLC (LBTYA, LBTYB).
The FT report said the company is still considering a sale.
The potential IPO could value Ono at up to 7 billion euros
($9.56 billion), the FT reported.
Website: www.ft.com
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