In the midst of the sale process, Inetum could count Orange among the candidates for its takeover.
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Valued at 1.5 billion euros and posting a turnover up 36% in 2020, the French digital services company, Inetum, is for sale. A shareholder with 51% of its capital, the Qatari fund Mannai Corporation has been hoping since this summer to enter into exclusive negotiations with one of the candidates by the end of the year. If several players have already at first glance submitted their offers such as CVC, Bain Capital, Platinum and Apollo funds, Orange could also jump on this opportunity. According to AGEFI, the incumbent operator is interested in this company: “Orange is indeed a stakeholder in the auction organized by JPMorgan, Lazard and CA CIB”, said two sources but the group led by Stéphane Richard n did not wish in reaction to comment or confirm this information.
Acquiring Inetum would however make sense for the French telecoms group which, through its subsidiary Orange Business Services, has the ambition to strategically double down on digital, connectivity and integration services.
Source: L’AGEFI (paper version)
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