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Alliance News

PRESS: Ono IPO Complicates Vodafone Takeover Talks - Dow Jones

Fri, 14th Mar 2014 11:45

LONDON (Alliance News) - Vodafone is conducting an accelerated due diligence over Spanish cable operator Ono, but a possible takeover has been complicated after Ono approved plans to list on the Madrid stock exchange next month, Dow Jones reported Thursday citing people close to the situation.

Dow Jones quoted the people saying that conversations between Ono and Vodafone will continue in parallel with Ono's plans for an initial public offering. Ono's asking price is understood to be above EUR7 billion, it quoted the people saying.

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