Advisor to Cellnex in the c. €2,5 Bn capital increase with preemptive subscription rights
AZ Capital has served as financial advisor alongside STJ Advisors on the rights issue of €2,5 Bn and approximately 87 million shares to Cellnex, representing 22,5% of the share capital after the transaction.
The funds raised through the capital increase will be used to finance the acquisition of Arqiva as well as future expansion investments in Europe. The transaction has been a success: 99,5% of the company’s holders of rights responded to the offer and demand was 38 times oversubscribed.
Cellnex Telecom is the leading telecommunication towers operator in Europe, with 53,000 sites including future roll-outs which are already contractualized in Spain, Italy, the Netherlands, France, Switzerland, Ireland and the United Kingdom.
Sector: Telecommunicationsgo to sector