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General

Benetton holding commits to invest EUR 1.5 bln in Cellnex

Friday 22 June 2018 | 09:39 CET | News
Benetton family holding company Edizione has committed to investing a further EUR 1.5 billion to help the growth and acquisition plans of Spanish operator Cellnex Telecom, reports El Economista, citing the Cellnex CEO Tobias Martinez. Edizione recently acquired a 29.9 percent stake in Cellnex for EUR 1.489 billion as part of the the takeover of Spanish toll-road operator Abertis by Italy's Atlantia and German builder Hochtief. Martinez said he expected the transaction to complete by the end of summer and no later than December.

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Categories: General
Companies: Cellnex
Countries: Italy / Spain
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