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Investing.com -- Orange has reached a non-binding agreement with Lorca to acquire the remaining 50% stake in its Spanish joint venture MasOrange for €4.25 billion in cash.
The transaction will accelerate Orange’s strategic plan called "Lead the Future" and strengthen its position in Spain, which is the group’s second-largest market in Europe.
By taking full ownership, Orange is confirming its long-term industrial commitment to Spain and expressing confidence in MasOrange and its management to create value for stakeholders.
Orange expects to sign a binding agreement before the end of 2025, subject to agreement on final terms and conditions.
The deal will be presented to relevant employee representative bodies and must receive clearance from regulatory authorities. The completion date is anticipated in the first half of 2026.
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