Nov 2, 2018 12:00 AM CET
The Swedish Companies Registration Office (the "SCRO") has today granted Tele2 AB (publ) ("Tele2") (Nasdaq Stockholm: TEL2 A and TEL2 B) authorization to implement the merger plan for the merger between Tele2 and Com Hem Holding AB (publ) ("Com Hem Holding").
The SCRO is expected to register the merger on Monday November 5, 2018. In connection with the registration of the merger, Com Hem Holding will be dissolved and all its assets and liabilities will be transferred to Tele2.
In connection with the registration of the merger by the SCRO the shareholders that are registered in the share register of Com Hem Holding will receive merger consideration. Each share in Com Hem Holding will be exchanged for 1.0374 new shares of class B in Tele2 and SEK 37.02 in cash. Com Hem Holding shareholders will receive the Tele2 shares i.e. the non-cash merger consideration on November 7, 2018 and the cash merger consideration on November 7-8, 2018. Trading in the Tele2 share takes place as usual and will not be affected by the merger process.
Fredrik Hallstan, Head of PR
Tel: +46 (0)709 48 52 72
Com Hem Group supplies broadband, TV, play and telephony services to Swedish households and companies under its two brands Com Hem and Boxer. The Group also includes the communication operator iTUX Communication AB which provides open fibre to service providers. We bring our 1.45 million customers a large range of digital-TV channels and play services via set top boxes as well as on-the-go for tablets and smartphones. Our powerful and future-proofed network with speeds up to 1.2 Gbit/s, covers 60% of the country’s households, making the Com Hem Group an important driver of creating a digital Sweden. Com Hem Group was founded in 1983 and has approximately 1,100 employees. Com Hem Group is headquartered in Stockholm and in 2017, Group sales totalled SEK 7,136 million.