{"id":300134,"date":"2021-09-30T10:04:12","date_gmt":"2021-09-30T10:04:12","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=328888"},"modified":"2021-09-30T10:04:12","modified_gmt":"2021-09-30T10:04:12","slug":"iliad-founder-hits-key-threshold-in-buyout-bid","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/09\/30\/iliad-founder-hits-key-threshold-in-buyout-bid\/","title":{"rendered":"Iliad founder hits key threshold in buyout bid"},"content":{"rendered":"

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\tThe holding company running billionaire Xavier Niel\u2019s bid to take Iliad Group private surpassed the size of stake required to launch a squeeze-out procedure to acquire the remainder.<\/p>\n

In an update on Holdco\u2019s \u20ac3.1 billion bid to buyout minority stakeholders [1], it revealed it owned more than 96 per cent of the operator group\u2019s shares as of yesterday (29 September).<\/p>\n

Having surpassed the 90 per cent needed to acquire the remainder and delist the company, it noted the squeeze-out procedure would be invoked in the \u201ccoming days\u201d.<\/p>\n

At the time Neil\u2019s holding company announced the big money bid in July he controlled almost 71 per cent of Iliad Group equity. By the time the buyout was formally kicked-off earlier this month, this had been increased to 84 per cent [2].<\/p>\n

On originally announcing the move Niel stated the operator required \u201crapid changes and major investments which will be easier to undertake as an unlisted company\u201d for its next stages of growth.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/iliad-founder-makes-e3-1b-offer-to-buyout-shareholders
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/iliad-founder-moves-closer-to-privatisation-plan<\/p>\n\n

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The holding company running billionaire Xavier Niel\u2019s bid to take Iliad Group private surpassed the …<\/p>\n

The post Iliad founder hits key threshold in buyout bid<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":246,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Iliad founder hits key threshold in buyout bid - ITTeacherITFreelance.hk","description":"The holding company running billionaire Xavier Niel\u2019s bid to take Iliad Group private surpassed the ... The post Iliad founder hits key threshold in buyout bid"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/300134"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/246"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=300134"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/300134\/revisions"}],"predecessor-version":[{"id":300135,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/300134\/revisions\/300135"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=300134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=300134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=300134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}