Cellnex Telecom investor Criteria may increase stake if Benetton family acquires 29.9% - report (translated)
16 APR 2018
Cellnex Telecom’s [BME:CLNX] investor Criteria - the industrial holding of the Spanish financial entity La Caixa - could increase its stake to 15% if the Benetton family, through the vehicle Edizione, acquires a 29.9% stake, El Economista reported.
The deadline for offers for Abertis’ [BME:ABE] 29.99% stake in the Spain-based telecom infrastructure company, ends today Monday 16 April. Abertis currently holds 34% of Cellnex.
Criteria could increase its stake in Cellnex from the current 5% to up to 15% in several transactions, the Spanish-language paper said citing unspecified sources. The transaction is being analysed, and is subject to Edizione becoming Cellnex’s first shareholder, according to the report.