COSMOTE Mobile Telecommunications has signed an agreement to acquire 42% of the outstanding shares of Germanos S.A. Following this acquisition, COSMOTE intends to launch a public tender offer for the remaining shares of Germanos S.A. The full gross equity value of the transaction will reach up to €1.58bn. The acquisition of Germanos S.A., one of the most successful brands and telecommunications retailers in Europe is of major strategic importance to COSMOTE, adding, in one go, the most efficient retail networks in four out of the five countries it operates in and capturing an increasing stake of COSMOTE's operations' value chain. With Germanos' total network of 537 retail outlets in Greece, Bulgaria, Romania and FYROM, COSMOTE will expand its retail presence and further grow its business. Directly addressing its customers, COSMOTE will now be able to promote its commercial strategies through Germanos' successful presence and established brand.
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