Tele2 divests its German business
Stockholm – Tele2 AB (“Tele2”) (Nasdaq Stockholm: TEL2 A and TEL2 B) has agreed to sell its German business to the Tele2 Germany management for an enterprise value of up to EUR 22.8 million, dependent upon the financial performance of the business until the end of 2024.After a thorough M&A process with a large number of potential buyers, Tele2 concluded that selling Tele2 Germany to the local management is the most value accretive alternative. As such, Tele2 has today entered into an agreement to sell its German business to the Tele2 Germany management for an enterprise value of up to EUR