Hungarian fixed-line operator Invitel Holdings has applied to delist its ADRs from the NYSE Amex on February 18.
Last November, Mid Europa agreed to buy TDC’s 64.6% stake in Invitel. Having increased its stake to 91.8% through the subsequent tender…
Hungarian fixed-line operator Invitel Holdings has applied to delist its ADRs from the NYSE Amex on February 18.
Last November, Mid Europa agreed to buy TDC’s 64.6% stake in Invitel. Having increased its stake to 91.8% through the subsequent tender offer, the private equity can take full control of the company through the compulsory acquisition procedure.
Credit Suisse and Lazard are financial advisers to Mid Europa, while Shearman & Sterling is legal adviser. BNP Paribas and Calyon are senior & subordinated debt global coordinators
