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27/05/2015 12:00 (UTC)

SPAIN ORANGE JAZZTEL TAKEOVER BID

SPAIN ORANGE JAZZTEL TAKEOVER BID

Deputy Chief Executive Officer Executive Director in charge of European operations at Orange, Gervais Pellisier (R), and Orange Chief Executive Officer in Spain, Jean Marc Vignolles, hold a press conference to launch a takeover bid for Spansih telecommunication holding Jazztel, in Madrid, Spain, 27 May 2015. The Spanish Stock Market National Commission (CNMV) authorised the previous day the takeover bid over 100 percent of the share capital of Jazztel at 13 euros per share, announced by Orange in October 2014 and already endorsed by the European Commission the last week. Jazztel's shareholders will have a takeover bid's acceptance period from 28 May to 24 June. EFE/Javier Lizon

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