4iG, state make offer for Vodafone Hungary

IT company 4iG and state-owned Corvinus have entered into non-binding heads of terms with Vodafone Group to acquire 100% of the telco’s Hungarian unit for a cash consideration equivalent to an enterprise value of 715 billion forints (EUR 1.8bn). The transaction would give 4iG 51% of Vodafone Hungary and the state a 49% stake, the company said. The deal is expected to close by end-2022, … Continue reading 4iG, state make offer for Vodafone Hungary