Goldman innovates to allow Cellnex holder to monetise rights early

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Goldman innovates to allow Cellnex holder to monetise rights early

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(Photo by Jaap Arriens/Sipa USA) | Jaap Arriens/SIPA USA/PA Images

EMEA’s equity capital markets were buzzing on Friday morning after Goldman Sachs placed a 13.2m block of shares in Cellnex, the Spanish telecoms tower company, which allowed the company’s largest shareholder to monetise rights that it intends not to exercise in the issuer's forthcoming €4bn rights issue.

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