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Orange Belgium replaces a VOO-linked pledge with a new one to Enodia SCI to support its demerger, pending shareholder approval.
On 1 October 2025, Orange Belgium announced a new Pledge Agreement and Letter of Consent and Release with Enodia SCI, a related party, as part of its demerger from VOO SA.
The new pledge secures the Company’s trade receivables and bank accounts, replacing a prior agreement tied to VOO.
The change supports the demerger, which requires shareholder approval and is contingent on the replacement.
The agreement, valid while the underlying service contract remains, may be adjusted every five years and excludes certain assets.
Enodia’s consent confirms its approval of the transfer and release of prior obligations.
The transaction follows Belgian corporate law requirements due to the related-party relationship.
Orange Belgium sustituye una garantía vinculada a VOO por una nueva en favor de Enodia SCI para apoyar su escisión, a la espera de la aprobación de los accionistas.