FILE PHOTO: Guests waits before French telecoms operator Iliad the media conference in Milan, Italy, May 29, 2018. REUTERS/Stefano Rellandini

PARIS (Reuters) – French telecoms group Iliad ILD.PA said in a statement on Monday it was launching a bid for Polish mobile phone operator Play PLY.WA.

Ilia said it would launch a public offer at 39 zlotys per share, valuing the company’s total capital at 2.2 billion euros and corresponding to an enterprise value of 3.5 billion euros.

Ilia said it had already secured a deal to buy 40% of the firm’s capital from to key shareholders.

Reporting by Geert De Clercq; Editing by Kim Coghill

source: reuters.com

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