Cobra's majority shareholder Intek Group said in a statement it had agreed to tender its 51.4 percent stake in Cobra for 74.3 million euros (59.4 million pounds).

Shares in Cobra closed on Friday at 0.987 euros each and the offer price represents a 50.9 percent premium compared to that level.

Vodafone Global Enterprises aims to gain control of at least 95 percent of Cobra's capital, Intek said.

Vodafone Global Enterprise is part of the Vodafone Group and specialises in global communications services for multinational companies.

(Reporting by Valentina Za, editing by Louise Heavens)