Eltel divests its High Voltage business in Poland
Eltel has today signed an agreement to divest its Polish High Voltage business to Mutares SE & Co. KGaA, a listed private equity investor headquartered in Munich, Germany. The total value of the transaction for Eltel, including Mutares’ replacement of Eltel guarantees for the business, is about EUR 25 million. The transaction is expected to close during Q2, 2024 and is subject to customary regulatory approval.The transaction is estimated to have a negative cash flow effect of EUR 3.75 million and have a net negative result of approximately EUR 23.5 million on Group EBIT. In 2023, the net