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BRIEF-Digi Communications says is a suspect in an anti-graft case
May 10, 2017 / 11:19 AM / 7 months ago

BRIEF-Digi Communications says is a suspect in an anti-graft case

May 10 (Reuters) - Romanian cable and internet provider DIGI Communications N.V.

* Says has been notified on Monday it is a suspect in an anti-corruption investigation.

* The subscription period of the company’s initial public offering on the Bucharest Stock Exchange ends on Wednesday.

* Romanian prosecutors are investigating a former Romanian Professional Soccer League chief on suspicion of bribe taking and money laundering over granting DIGI Communications exclusive television rights of some soccer matches.

* Two RCS&RDS managers and a former company representative are under investigation in the case.

* Says investors who subscribed shares have the option of withdrawing their offers by Wednesday at 1400 GMT.

* At a price range of 38-56 lei per share, the IPO could be worth between 826.3 million lei and 1.22 billion lei ($291.57 million). ($1 = 4.1842 lei) (Reporting by Luiza Ilie)

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