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Article: Invitel Holdings A/S Announces Successful Change in Ownership Structure and De-Leveraging of Cash-Pay Debt.
- Article from:
- Business Wire
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Invitel Holdings A/S (NYSE Amex U.S.:IHO) ("Invitel") announced today the consummation of a series of transactions that will result in Mid Europa Partners Limited ("Mid Europa") becoming the controlling shareholder of Invitel and a de-leveraging of the cash-pay debt of Invitel and its subsidiaries (the "Invitel Group"). The closing of each of these transactions was inter-conditional upon the closing of the other transactions. The series of transactions included the following transactions:
TDC A/S ("TDC") and Mid Europa announced today the consummation of the first stage of the acquisition by Mid Europa of 10,799,782 Invitel shares held by TDC (64.6% ...