Digi Communications N.V. announces that the Company’s Portuguese subsidiary finalised the transaction with LORCA JVCO Limited

DIGI Portugal LDA., has completed the acquisition of 100% of shares in Cabonitel S.A. from LORCA JVCO Limited

(IN BRIEF) Digi Communications N.V. announced that its Portuguese subsidiary, DIGI Portugal LDA., has completed the acquisition of 100% of shares in Cabonitel S.A. from LORCA JVCO Limited. This finalization follows the Portuguese Competition Authority’s clearance granted the previous day, allowing the transaction to proceed.

(PRESS RELEASE) BUCHAREST, Romania, 25-Oct-2024 — /EuropaWire/ — Digi Communications N.V. (“DIGI”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, would like to inform the market that today its subsidiary, DIGI Portugal LDA., finalised the transaction concluded with LORCA JVCO Limited, for the acquisition of 100% of the shares in Cabonitel S.A. This follows the announcement published yesterday, regarding the competition clearance for this transaction (which can be consulted here, an external link to a report, in Romanian, published on Bursa de Valori Bucuresti (“BVB”)).

About Digi Communications N.V.

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

Contacts:

For Digi Communications NV
Phone no: +4031 400 4444
investor.relations@digi-communications.ro

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FAQs 

What transaction did Digi Communications N.V. recently complete?
Digi Communications N.V., through its subsidiary DIGI Portugal LDA., completed the acquisition of 100% of shares in Cabonitel S.A. from LORCA JVCO Limited.

When was the transaction finalized?
The transaction was finalized on 25 October 2024.

Who authorized the transaction?
The Portuguese Competition Authority granted clearance, allowing the transaction to proceed.

What was the purpose of the acquisition?
The acquisition allows Digi Communications N.V. to expand its market presence in Portugal.

Where can more information be found?
Details are available in the official report published on the Bursa de Valori Bucuresti, in Romanian language: Competition approval for the share purchase agreement concluded in Portugal.

Where can the official press release be found? 
The official announcement was made on 24 October 2024 via EuropaWire and can be seen over here.

SOURCE: Digi Communications NV