MasOrange’s PE Owners Seek At Least €5 Billion for 50% Stake

The private equity owners of MasOrange are seeking at least €5 billion ($5.9 billion) for their combined 50% stake in the Spanish telecommunication joint venture, according to people familiar with the matter.

Cinven, KKR & Co. and Providence Equity Partners are in preliminary talks with Orange SA, which holds the remainder of MasOrange, the people said, asking not to be identified as the information is private. Orange may offer at least €4 billion for their holdings, though no final decisions have been made, the people said.