FILE PHOTO: Telecom antennas of Spain's telecoms infrastructure firm Cellnex are seen under main telecom tower, known as"Piruli", in Madrid, Spain, March 10, 2016. REUTERS/Sergio Perez
After the operation, expected to be finalised in June, the Benetton family, through its financial holding firm Sintonia SpA, will own 16.45% in Cellnex, while the Abu Dhabi Investment Authority and Singapore’s sovereign wealth fund GIC will own 6.73% each, according to a filing to the Spanish stock market regulator on Friday.
Spun off from Spanish infrastructure operator Abertis in 2015, Cellnex has expanded quickly and now has a market capitalisation of close to 20 billion euros , making it the seventh largest company on the IBEX 35 blue-chip index.
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