AMP Capital advised by Allen & Overy on Axion acquisition

AMP Capital was advised by Allen & Overy on the acquisition of Spanish telecommunications sector service provider Axion, according to Mergermarket.


Axion provides broadcasting, transport, site hosting and operation and maintenance services to the radio, regional television and telecommunications sectors. Seventy per cent of the business is located in the Andalusia region in southern Spain.

The transaction is subject to clearance by the relevant Spanish competition authority. Subject to approvals, completion is expected towards the end of 2016. AMP Capital acquired Axion from Antin Infrastructure Partners.

Australia-based AMP Capital has A$159.9 billion (€108.8 billion) in funds under management.

Ben Cook