Link Securities | Cellnex (CLNX), through its wholly owned subsidiary, Cellnex France, S.A.S., has entered into a put option agreement with Vauban Infra Fibre, under which Cellnex France, S.A.S. may, following the usual information and consultation process with the works council of Cellnex France, S.A.S. in France, sell and transfer all of its shares in Towerlink France, S.A.S., representing 99.99% of its share capital.
Towerlink France, S.A.S. is the entity responsible for the Group’s main data centre operations in France. The price of the proposed transaction, subject to the usual price adjustments for this type of transaction, has been set at €391 million, to be paid entirely in cash on the closing date of the proposed transaction. The closing of the proposed transaction would be subject to certain customary closing conditions. This proposed transaction represents a step forward in the company’s strategic roadmap, which would allow the group to continue to focus on its core areas of activity.
