Telenor: kicks off process to form new Nordic cluster
(CercleFinance.com) - Telenor said that it now owns nearly 95% of Finnish telco firm DNA, enabling the Norwegian mobile operator to begin the process of forming a new Nordic cluster.
After the tender offer is complete, Telenor today reported a preliminary holding of 94.4% of DNA shares, with the intention to extend the offer period until 10 October.
The company plans to buy out the remaining minority shareholders, and then apply for a delisting of DNA shares from Nasdaq Helsinki.
With the Finnish market now officially within its scope, Telenor has begun the process to form a new Nordic cluster, with the selection of a head in progress.
This means that Morten Karlsen Sorby, the current head ot its Scandinavia Cluster, will step down from his role after 26 years with the company.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
After the tender offer is complete, Telenor today reported a preliminary holding of 94.4% of DNA shares, with the intention to extend the offer period until 10 October.
The company plans to buy out the remaining minority shareholders, and then apply for a delisting of DNA shares from Nasdaq Helsinki.
With the Finnish market now officially within its scope, Telenor has begun the process to form a new Nordic cluster, with the selection of a head in progress.
This means that Morten Karlsen Sorby, the current head ot its Scandinavia Cluster, will step down from his role after 26 years with the company.
Copyright (c) 2019 CercleFinance.com. All rights reserved.