Linklaters advises on €1.2bn Cellnex capital-raising

A Linklaters team led by partner Federico Briano (pictured) advised Spain’s Cellnex on a €1.2 billion capital-raising, which will be used to fund the telecoms company’s expansion.

The capital increase involved the issue of 66.9 million new shares, equivalent to just under 29 per cent of its current total.

Cellnex has indicated that it is planning to expand its presence in the United Kingdom and the Netherlands this year.

Cellnex reported revenues of €901 million in 2018, up 14 per cent on the 2017 figure of €792 million.

The Linklaters team also included managing associates Pablo Medina and Alberto García Linera, US senior associate Emma Lance, and associates Borja Oñoro and Héctor Garrido.

Ben Cook