The Tunisian firm selected as the final preferred bidder for Go has confirmed its intention to keep the company listed on the Maltese stock exchange. 

In a statement issued this evening, Tunisie Telecom said that it intends to proceed with a voluntary offer to all Go shareholders at a price of €2.87 a share.

"This will give the option to all shareholders to dispose of their shares in Go, if they wish to do so as per the terms and conditions that will be set out in an offer document to be issued by Tunisie Telecom within 21 days from the Announcement," the statement said. 

The company said it would not be "actively seeking to reach the thresholds stipulated for a mandatory squeeze out nor the related implementation of de-listing mechanics." 

Tunisie Telecom chairman and CEO Nizar Bouguila said he believed it was important for Go to remain "a distinct Maltese listed company with a strong local shareholder base."

On May 24, Tunisie Telecom was announced as the preferred bidder for the sale of Go's entire issued share capital. Emirates International Telecommunications (Malta), which owns 60 per cent of Go's issued share capital, has undertaken to accept Tunisie Telecom's bid. 

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