Cellnex Hires JPMorgan to Explore Sale of Its Stake in Swiss Subsidiary, Expansion Says, Citing Sources

-- Cellnex hired U.S. bank JPMorgan as an advisor to explore the potential sale of its 72% stake in its Swiss subsidiary, Spanish newspaper Expansion reports, citing unnamed sources.

-- The Spanish telecommunications-infrastructure company could raise more than 1.1 billion euros ($1.13 billion)in proceeds from the sale, Expansion says.

-- Cellnex declined to comment, the report says.

Full story: https://tinyurl.com/58uuce7j

Write to Najat Kantouar at [e-mail]

(END) Dow Jones Newswires

01-10-25 0434ET