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General

Wealth funds reviewing Cellnex stake buy - report

Monday 3 September 2018 | 09:07 CET | News
Singapore's GIC and Abu Dahbi's ADIA have asked for more time to review their acquisition of a stake in Spanish operator Cellnex from the Benetton family holding company Edizione following the collapse of Genoa's Morandi bridge, reports Il Sole 24 Ore. The bridge was run by a unit of Benetton-controlled infrastructure unit Atlantia, which has been under fire since the disaster. The two sovereign wealth funds were in negotiations to pay up to EUR 600 million for a stake of between 30 and 40 percent in ConnecT, the vehicle that holds the Cellnex shareholding, according to a recent Reuters

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Categories: General
Companies: Cellnex
Countries: Italy / Spain
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