Wednesday, April 16, 2008

France - SFR and Neuf Cegetel

SFR completes acquisition of Neuf Cegetel stock

French antitrust authorities have approved SFR's acquisition of a 28.45 per cent stake in alternative telco Neuf Cegetel.

SFR has acquired all the shares previously owned by the Louis Dreyfus group, an investment firm, at a price of €34.50 per share.

With this acquisition, SFR now holds 68.13 per cent of the capital of Neuf Cegetel.

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