EQT Sells Stake in Fiberklaar to Proximus For $266.7 Million
By Michael Susin
EQT said it agreed to sell its majority stake in the Belgium-based group Fiberklaar to co-shareholder Proximus for 246 million euros ($266.7 million).
The company--which co-founded Fiberklaar as a joint venture in 2021--said on Thursday that the deal is expected to close in the coming days.
"Having achieved significant milestones during its ownership, EQT's exit is a natural next step for Fiberklaar. The company now begins a new chapter in its journey to increase access to high-speed connectivity solutions in Belgium, while playing a role in Proximus' possible future cooperation agreements to roll-out fiber in Flanders," it said.
Proximus is the Belgium's largest telecom operator, the group added.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
July 25, 2024 13:05 ET (17:05 GMT)
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