Tunisie Telecom offers GO shareholders €2.87 a share

Tunisie Telecom, the preferred bidder for telecoms company GO, has offered shareholders the option to dispose of their shares at a price of €2.87 a share.

The offer is available to shareholders who are registered on the company’s register.

Tunisie Telecom has outlined that shareholders who acquire their shares in GO after the record date of 17 June are not eligible for the offer.

The acceptance period will start on 24 June at 8:30 and end on 22 July at 17:00.

"Tunisie Telecom believes that the proposed transaction presents the group with the opportunity to create a strong trans-Mediterranean telecoms partnership which will support GO’s growth opportunities in its domestic market while providing a key centre of excellence for the wider Group. It will also provide a number of benefits and attractive synergies for the group, as set out in the offer document," the company said.

“We are very excited about this transaction as we believe that GO and Tunisie Telecom can achieve more together than they can apart. At the same time, we recognise that GO’s proven history of growth is based upon strong local and customer support in Malta and we are pleased to confirm that it is our intention to maintain GO as a publicly listed company,” added chairman and chief executive officer of Tunisie Telecom Nizar Bouguila.

In the coming days, GO will be issuing an opinion on the offer document in line with its obligations under the listing rules.