December 3, 2020

MásMóvil, the final goodbye to almost nine years of trading at the pace of a gazelle


Madrid

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The journey of MoreMobile by the stock market, fast and full of milestones, today definitively concludes with its exclusion from trading as a result of the success of the Opa launched on June 1 by investment funds KKR, Cinven and Providence over 100% of the share capital and that the company valued at about 2,963.57 million euros. An operation that had the approval of the board of directors and reference shareholders such as the “Family Office” Ochena.

MásMóvil thus ends a period of almost nine years that dates back to Ibercom’s entry into the Alternative Stock Market on March 30, 2012, and about 15 months of presence on the Ibex 35 where he entered on June 24, 2019, replacing a classic of the selective: Técnicas Reunidas. That same day, the company led by Meinrad Spenger traded at 17.76 euros.

From the First Division of the Spanish Stock Exchange, the telco has been fired trading at 22.50 euros (the price of the takeover bid) and, slightly higher, after the purchase of Lycamobile Spain for 361 million euros. In addition, its exit from the markets coincides with the beginning of the race for 5G in Spain in which it competes through Yoigo, initially in 15 Spanish cities (Alicante, Alcobendas, Almería, Ávila, Barcelona, ​​Hospitalet de Llobregat, Huesca, Jaén, Madrid, Malaga, Melilla, Orense, Salamanca, Seville and Valencia).

At the rate of capital increases and purchases

The progression of MásMóvil has been consummated at the rate of mergers, capital increases and purchases. First came the union between Ibercom and MásMóvil, which formed in July 2014 the company MásMóvil Ibercom. Then came the purchases of Yoigo (July 2016) and PepePhone two months later. In addition to the purchase of some Jazztel assets, which was absorbed by Orange in August 2015. Precisely, it has numerous commercial agreements with the French company, especially in the incipient deployment of 5G.

The stay in the former MAB (today BME Growth) It lasted five years until it entered the continuous market on July 14, 2017 and with shares that were already paid at 10.8 euros. Almost two years later, he burst onto the Ibex with that startup halo that has always accompanied him and led by a management team, which will remain at the helm in this new stage.

The share price of MásMóvil has oscillated between the minimum of 0.43 euros in June 2013 to the aforementioned maximum of 26 euros on March 9, 2018.

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