Spain?s Cellnex Telecom, S.A. (BME:CLNX) is exploring a sale of a stake in its Nordic operations that could value the unit at to EUR 1 billion ($1.11 billion), people familiar with the matter said, as the company looks to pay down debt. The telecoms group is working with bankers at AZ Capital, a Spanish boutique financial advisory firm, to gauge interest in its Swedish and Denmark operations, said the people, who spoke on condition of anonymity.
Cellnex Reportedly Explores Sale of a Slice in 1 Billion Euros Worth Sweden, Denmark Units
July 26, 2023 at 07:56 am EDT
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