Advisor to Cellnex in the c. €4 Bn capital increase with preemptive subscription rights
AZ Capital has served Cellnex as exclusive financial advisor on the rights issue of €4 Bn and 101,382.140 shares to Cellnex Telecom, representing 20,83% of the share capital after the transaction.
The funds raised through the capital increase will be used to finance future expansion investments. The transaction has been a success: 99,45% of the company’s holders of rights responded to the offer and demand was oversubscribed by 46 times.
Cellnex Telecom is the leading telecommunication towers operator in Europe, with 61,000 sites including future roll-outs which are already contractualized in Spain, Italy, the Netherlands, France, Switzerland, Ireland, Portugal and the United Kingdom.
Sector: Telecommunicationsgo to sector