Cellnex Telecom S.A., listed in the Spanish Stock Exchange (IBEX 35), is the main independent infrastructure operator for wireless telecommunication in EuropeCellnex Telecom has approved a share capital increase with preferential subscription rights for an amount of €1.2 billion.
The funds from the capital increase will be used to bolster the Company’s resources in order to continue supporting its expansion, in line with its growth strategy in Europe. ConnecT – whose shareholders are Edizione (60%), Adia (20%) and GIC (20%) -, holder of 29.9% of the share capital Cellnex, has committed to subscribe its corresponding shares in the capital increase. Similarly, CriteriaCaixa, holder of 6.0% of the Company’s share capital, and the directors and members of senior management who currently hold shares (in aggregate, 0.03% of the share capital), have each committed to subscribe their respective shares in the capital increase.
The transaction was underwritten by Morgan Stanley, JP Morgan and Goldman Sachs as Joint Global Coordinators and Joint Bookrunners, and by BNP Paribas and Caixabank as Joint Bookrunners. Moreover, Mediobanca acted as Co-Lead and Placing Agent.
AZ Capital
Advised in the sale of
Cellnex Telecom, SA
to