Orange to purchase Lorca's 50% share in MasOrange for €4.25 billion in cash
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2025
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Acquisition Agreement: Orange has reached a non-binding agreement to acquire the remaining 50% stake in its Spanish joint venture, MasOrange, from Lorca for EUR4.25 billion in cash.
Strategic Impact: This acquisition aligns with Orange's strategic plan "Lead the Future" and aims to strengthen its position in Spain, its second-largest market in Europe.
Commitment to Spain: Full ownership of MasOrange reflects Orange's long-term commitment to the Spanish market and confidence in the management's ability to create value.
Next Steps: A binding agreement is expected by the end of 2025, subject to final terms, employee consultations, and regulatory approvals, with completion anticipated in the first half of 2026.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
