Cellnex fuels £2bn Arqiva deal with rights issue

By Sam Kerr
08 Oct 2019

Cellnex, the Spanish wireless telecommunications company, has agreed a deal to acquire the telecoms division of Arqiva for £2bn and is undertaking a €2.5bn rights issue to help fund the transaction.

Goldman Sachs, JP Morgan and Morgan Stanley are global co-ordinators on the fully underwritten rights issue. Banca Imi, Santander, BNP Paribas, CaixaBank, Citi, Deutsche Bank, HSBC and MedioBanca are bookrunners.

The subscription price on the offer of nine shares for ...

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