Orange Signs EUR 1.3 Bln Financing Deal With CaixaBank, BNP Paribas For Scorefit Acquisition
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Orange S.A. has signed a €1.3 billion financing agreement with CaixaBank and BNP Paribas to fund the acquisition of Scorefit. The five-year agreement will support the company's option to acquire Scorefit shares, simplifying its financial structure and enhancing financial flexibility. This move aligns with Orange's efficiency plan and copper-to-fiber transition strategy. Following the announcement, Orange's stock rose by 0.75%, while BNP Paribas and CaixaBank also saw increases in their stock prices.
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