Digi Romania, the business's sole shareholder, intends to maintain a controlling stake of at least 75% following the transaction. The offering includes 150 million euros worth of new shares, with the company anticipating net proceeds of approximately 136 million euros to bankroll expansion projects. Global Portfolio Investments has already signaled its intent to participate, pledging 100 million euros provided the valuation remains within the specified range.
In section Market Quotes
Digi Communications Targets Spanish IPO at 1.7 Billion Euro Valuation
A 1.7 billion euro valuation sits at the heart of Digi Communications' move to list its Spanish subsidiary on local stock exchanges. By offering newly issued shares alongside existing stock, the Romanian telecommunications operator aims to accelerate growth in a market where it currently serves as the fourth-largest mobile provider.
The final timeline for the IPO remains contingent on market conditions and the formal approval of the prospectus by the Spanish Securities Market Commission. Last year, the Spanish unit generated 929 million euros in revenue, cementing its role as a critical component of the group's broader European strategy.
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