GA_P advises Zegona on the acquisition of Vodafone Spain

Gómez-Acebo & Pombo has advised Zegona on the €5.1 billion acquisition of 100% of Vodafone España, in collaboration with Travers Smith on the acquisition and Milbank Tweed on the financing.

The debt structure through which Zegona financed the transaction includes a €4.2 billion mega-credit facility provided by Deutsche Bank, ING and UniCredit. With this acquisition the British fund returns to the Spanish telecommunications market, where it landed in 2015 with the acquisition of Telecable. After the acquisition of the latter by Euskaltel, it was the largest shareholder, with more than 20%, of the Basque operator until its purchase by MásMóvil.

The following have advised on the transaction: Fernando de las Cuevas, Alex Kolb and Javier Reyna, partners and associate of the Corporate department; Irene Fernández and Juan Ignacio Romero, partner and of counsel of Public; Íñigo Igartua, Miguel Troncoso and Laura Lence, partners and associate of Competition; Fernando Herrero, partner of Banking and Finance; Ignacio del Fraile and Jesús Tallos, partner and associate of Employment and and Oliver Padilla, associate of Tax.

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