Vodafone-Wind Hellas share-swap agreement imminent, paper says

1 Feb 2012

A proposed merger agreement between Vodafone Greece and Wind Hellas, the second- and third-largest Greek cellcos respectively, could be secured within a week, according to unnamed sources quoted by the country’s Kathimerini newspaper. The sources told the paper that Vodafone and Wind Hellas are hoping to have their merger agreement completed by 9 February, when the Vodafone Group is set to issue its financial figures for the end-December 2011 quarter, and also suggested that the deal will be cashless, based on a share swap, in a 60-40 ratio in Vodafone’s favour. Any deal will be subject to approval by European Union competition authorities.

Greece, Vodafone Greece (incl. Hellas Online), Wind Hellas (incl. Tellas)