Orange Belgium is in talks with the Walloon company Nethys about the sale of shares. Nethys wants to invoke a clause in Voo’s takeover agreement.

Orange Belgium itself confirmed the rumors in a press release after the ball had already started rolling thanks to the Walloon news website L-Post. Nethys could acquire an eleven percent stake in the Belgian branch of Orange, which is 75 percent owned by the French group. The negotiations are a result of Orange’s takeover of Voo.

When Orange took over the Walloon telecommunications provider Voo at the end of 2021, Nethys retained a 25 percent stake plus one share. Both parties also agreed that Nethys could transfer its stake from Voo to shares in Orange. Therefore, the Liège company invokes this clause to acquire a minority stake in Orange.

Orange does not want to provide any further details for the time being. Both parties hope to reach an agreement in the coming weeks. We will continue to monitor the situation and update this article as more information becomes available.