IMImobile to Increase Ownership of WIN plc

May 4th, 2010 by Arjan Olsder Posted in Companies & M&A | No Comments »

Though the India based firm IMImobile already owns 2.4% of WIN plc, the companies have now announced that IMImobile is indexing the possibilities to increase its ownership in WIN.

As a result of the negotiations between WIN and IMImobile, IMI is expected to make a cash offer for the shares which are currently in the hands of AXA IM (18.6%). According to ME, IMI is expected to offer 141p per ordinary share.

Tags: acquisition . IMImobile . Investment . Shares . Win Plc
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