Swisscom divests Metroweb stake
Swisscom subsidiary Swisscom Italia has signed the agreements to sell its 10.6 percent stake in Metroweb to Metroweb Italia, Metroweb's majority shareholder.
The shareholders' agreement, which guarantees Swisscom Italia certain minority rights, will be terminated upon completion of the sale. According to the press release, the purchase price for the stake amounts to around EUR 80 million and corresponds proportionately to the purchase price offered by the Italian electricity company Enel for the acquisition of 100% of Metroweb Italia. The sale is expected to be completed this fall and is subject to the approval of the Italian competition authorities.
Four years after Swisscom Italia became a shareholder in Metroweb, it considered the time to be ideal for a sale, the press release continued. The commercial contractual relationship between Fastweb and Metroweb will remain in place.
