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Cellnex Telecom valued at EUR 3.2 bln in IPO

Wednesday 6 May 2015 | 09:49 CET | News
Spanish infrastructure company Abertis has announced that it will sell a maximum of 66 percent of Cellnex Telecom, its recently rebranded telecoms subsidiary, at EUR 14 a share. The market listing price is at the top end of the EUR 12 to 14 pricing range and values the company at around EUR 3.24 billion. Abertis has also increased the size of the stake to be sold from 60 percent to 66 percent, assuming the exercise of a greenshoe option. Cellnex is scheduled to start trading on 07 May.

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Categories: Broadcast & Satellite
Companies: Cellnex
Countries: Spain
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