F2i completes acquisition of EI Towers through public tender offer

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

F2i's public tender offer on EI Towers has ended with full success, achieving 97.4% of the shares tendered. The tender offer was launched on 27 August 2018 in partnership with Mediaset. F2i and Mediaset, at completion, will hold 60% and 40% of the shares respectively.

With its 2,300 broadcast towers and more than 1,000 TLC towers, EI Towers, with the full support of its shareholders, is set to become a leader in the broadcasting and TLC Tower industry, acting as independent and not vertically integrated player, ready to exploit the development opportunities of a rapidly evolving sector, yet being open to partnerships with other operators.

The tender offer was launched at a price of EUR57 (US$65.5) per share, which values the entire share capital at EUR1.6 billion (US$1.84 billion).

Share this update