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General

Singapore's GIC buys 2.5% Cellnex stake

Monday 29 March 2021 | 11:13 CET | News
Singapore's sovereign fund GIC has agreed to acquire a 2.5 percent stake in Spanish operator Cellnex Telecom from the Edizione holding of Italy's Benetton family for around EUR 542 million. In a filing at Spain's securities market regulator CNMV, Cellnex said GIC acquired 12.2 million shares at a price of EUR 44.04 per share. It now owns just over 8 percent of Cellnex, up from around 5.5 percent.

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Categories: General
Companies: Cellnex
Countries: Europe / Spain
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