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Proximus Arrives at Deal to Offload Be-Mobile Stake
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3 Articles
Proximus arrives at deal to offload Be-Mobile stake
Belgian operator Proximus Group signed an agreement to sell its 92.7 per cent stake in mobility app provider Be-Mobile to global transportation player Arrive, its latest move to free up cash for future investments. The operator noted the sale is based on an enterprise value of €170 million for Be-Mobile and is expected to close in the second half of 2025, pending regulatory approval from Belgium’s Foreign Direct Investment authority. With the tr…
Proximus to sell its 92.7% stake in Be‑Mobile to Arrive - Mobile Europe
If the deal goes through, Proximus Group will have achieved its ambition to divest €500 million of non-core assets two years ahead of schedule Proximus Group has reached a binding agreement to sell its 92.7% stake in Be‑Mobile, based on an enterprise value of €170 million to Arrive. The latter is a global provider of digital parking and mobility solutions. The transaction is subject to the usual regulatory approvals and it is expected the deal w…
Proximus has sold its majority stake in the mobility subsidiary Be-Mobile, known for its SMS parking via the number 4411. The group is increasing its divestment ambitions from 500 to 600 million euros.
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