Eltel has signed an agreement to divest its Polish Communication business to VINCI Energies, a global player in concessions and contracting. The total consideration of the transaction is about EUR 12.7 million. The transaction is expected to close during the third quarter of 2019.
The transaction is estimated to give a positive cash flow impact of EUR 10 million and have a net positive result of approximately EUR 1 million on Group EBIT. The divestment is subject to regulatory approval.
– We have successfully developed Communication Poland during the years, and we are satisfied to find a