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Mid Europa extends purchase offer for Invitel shares

Mid Europa Partners announced it has extended a public purchase offer for shares in Invitel, Hungary's second-biggest telco, until January 22, 2010.

All other conditions of the offer, including the price of $4.50 per share, will remain unchanged, Mid Europa Partners said.

Mid Europa partners held 88.4% of Invitel shares on January 7, 2010.

Danish telco TDC said in September 2009 that it entered into a conditional agreement with Mid Europa Partners on the sale of its 64.6% stake in Invitel for an aggregate price of about DKK 54.9 million or about €7.4 million at the time.

Invitel Holdings has more than 1 million clients in Hungary. (MTI-Econews)