Xavier Niel wants to invest half a billion euros in Ukraine

1706671979

He confirmed this Monday that he was prepared to invest $500 million (around 473 million euros) in the takeover through his holding company NJJ.

– > Read also: Pink Minitel, (small) prison box and 2 euro packages: Xavier Niel, the French billionaire who joins Proximus

It currently belongs to the Turkish group Turkcell.

Multiplication of investments in Europe

“Last fall, Ukraine requested the seizure of the shares of the operator Lifecell held by Russian shareholders, which would inevitably lead to radical decisions at the level of all related assets,” Free had clarified in an earlier statement on January 5. who announced such a movement. It remains to be clarified to what extent this will affect upcoming investments. The amount mentioned in this announcement at the beginning of January was around 397 million US dollars.

French billionaire Xavier Niel invests in Proximus, the shares rise

The process still needs to be validated by the Ukrainian competition authorities in the coming months.

Let’s also remember that Xavier Niel is increasing his investments. Back home, he acquired a 6% stake in Proximus last November. In addition, the company has almost 50 million subscribers directly linked to its holding in around ten different European countries and an annual turnover of almost 10 billion euros.

#Xavier #Niel #invest #billion #euros #Ukraine

Related posts

Design Holding changes determine. Flos B&B Italia Group is born

Russia seizes Deutsche Financial institution property

Further loans from Greek banks