Time is running out for the Zegona investment fund if it wants to succeed in the race to take over Vodafone Spain. The Bloomberg news agency noted this weekend the “imminence” of the resolution of the agreement for Zegona to acquire 50% of the capital of Vodafone Spain for an amount close to 5.3 billion euros, although “details” remain to be agreed upon. that could prevent a final agreement,” warns Bloomberg.
For Zegona, it is urgent to close the agreement if it wants to avoid pressure from other interested parties such as Apollo or RRJ Capital, which formalized its interest last week. On the other hand, there is also a rush at Vodafone.
“The terms of the current negotiations held with the funds could undergo considerable changes depending on the conditions that the Brussels authorities impose, in terms of asset sales, to authorize the merger between Orange and MásMóvil, which appears to be very close. to its completion,” explain industry experts.
Various media outlets have pointed out in recent days that the Digi operator would be the great beneficiary of Brussels' decision. “When that happens, Vodafone will have to make a move as soon as possible, but to do so it needs to have a clear direction and not be adrift like now. "Everyone knows it, hence the rush to define the new owner," say the sources consulted.
