Cellnex Hires JPMorgan to Explore Sale of Its Stake in Swiss Subsidiary, Expansion Says, Citing Sources
Dow Jones2025-01-10
-- Cellnex hired U.S. bank JPMorgan as an advisor to explore the potential sale of its 72% stake in its Swiss subsidiary, Spanish newspaper Expansion reports, citing unnamed sources.
-- The Spanish telecommunications-infrastructure company could raise more than 1.1 billion euros ($1.13 billion)in proceeds from the sale, Expansion says.
-- Cellnex declined to comment, the report says.
Full story: https://tinyurl.com/58uuce7j
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
January 10, 2025 04:19 ET (09:19 GMT)
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