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Edizione instructs Pérez-Llorca on sale of Cellnex stakes

Pérez-Llorca advised investment company Edizione on the sale of stakes in Spain’s Cellnex Telecom to the Abu Dhabi Investment Authority and Singaporean sovereign wealth fund GIC.

Pérez-Llorca acted for Edizione on the sale of a 5.98 per cent stake to the Abu Dhabi Investment Authority for €308 million, and the sale of a 4.78 per cent stake to GIC for €204 million, according to Mergermarket.

Cellnex Telecom reported income of €789 million in 2017.

The company has more than 20,000 sites across Europe.

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Ben Cook

iberianlawyer.com

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