Exclusive advisor to Cellnex in the c. €7 Bn capital increase with preemptive subscription rights
AZ Capital has advised Cellnex in the c. €7 Bn capital increase. The rights issue has been a success since over 99% of Cellnex preferential rights holders have subscribed the share capital and investors demand has been c. 45 times higher the offer of new shares. Funds raised will be used to finance the company’s pipeline of inorganic growth projects, with a total estimated investment of c. €18 Bn in the 18 months following completion of the offering. C. €9 Bn have already been committed to the acquisitions of Polkomtel Infrastruktura in Poland, Hivory in France and the integration of Deutsche Telekom's towers and sites in the Netherlands.
Sector: Telecommunicationsgo to sector