IFLR1000

Cellnex Telecom Bolsa de Madrid IPO

5/5/2015
IPO
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€ 3.5 billion

$ 3.8 billion

Completed

5/5/2015

Overview:

  • Cellnex Telecom has made an IPO of €3.5 billion and a listing on the Spanish Stock Exchange, with a Rule 144A/Regulation S offering. 
  • It was Spain's second largest IPO in 2015, after AENA's €4.8 billion IPO.
  • Spanish infrastructure player Abertis decided to list its telecoms operations by spinning it off to form the wholly-owned subsidiary Cellnex Telecom.
  • Cellnex Telecom also develops solutions in the field of “smart city” projects and has deployed a network of intelligent communications that facilitate the development of a ecosystem for the Internet of Things (IoT) in Spain.

Adam Majeed - Regional editor

 

Jurisdiction:

Spain

Deal type:

IPO

Practice area:

Capital markets : Equity

Industry sector:

Technology and telecommunications

Firms:
Davis Polk & Wardwell

Party: Cellnex Telecom (Issuer)

Party: Abertis Infrastructuras (Shareholder)

Lawyer: Michael Willisch

Linklaters

Party: Morgan Stanley (Global coordinator)

Party: Goldman Sachs International (Global coordinator)

Party: Caixabank (Global coordinator)

Party: BNP Paribas (Joint bookrunner)

Party: Citigroup (Joint bookrunner)

Party: Banco Santander (Joint bookrunner)

Party: Société Générale (Joint bookrunner)

Party: BBVA (Lead manager)

Party: BTG Pactual (Lead manager)

Lawyers: Federico Briano, Iñigo Berricano

Uría Menéndez

Party: Cellnex Telecom (Issuer)

Party: Abertis Infrastructuras (Shareholder)

Lawyer: Alfonso Ventoso

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