Advisor to Cellnex in the c. €1,2 Bn capital increase with preemptive subscription rights
AZ Capital has served as sole financial advisor for the capital increase of €1,2 Bn and 66,989.813 shares of Cellnex, representing 22,43% of the share capital after the transaction.
The proceeds of the capital increase are intended to finance the expansion of Cellnex's tower portfolio in Europe. The transaction has been a success, being oversubscribed by 16,6 times and responded to by 98,8% of the rights holders.
Cellnex is the leading European telecommunications tower operator, with a portfolio of 29,000 sites including future deployments already under contract in Spain, Italy, the Netherlands, France, Switzerland and the United Kingdom.
Sector: Telecommunicationsgo to sector