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BRIEF-Magyar Telecom announces agreement to sell the Invitel Group to China-CEE fund
January 13, 2017 / 7:06 AM / a year ago

BRIEF-Magyar Telecom announces agreement to sell the Invitel Group to China-CEE fund

Jan 13 (Reuters) - Magyar Telecom BV :

* Magyar Telecom B.V. Announces agreement to sell the Invitel Group to the china-cee fund

* Proposed sale values invitel group at an enterprise value of eur202 million

* Has agreed sale of its holdings in invitel group to China CEE investment co-operation fund

* Approval of company’s 49% shareholder, Matel Holdings Limited, is being solicited via a consent request

* Matel B.V.’s 51% shareholder, mid europa partners, has expressed its support of proposed sale Source text for Eikon: Further company coverage:

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