Cellnex enters into an absolute return swap agreement for €150 million

Cellnex new

Link Securities | In a Significant Event it was reported that Cellnex Finance Company, S.A. (Unipersonal), a wholly-owned subsidiary of Cellnex (CLNX), has entered into a total return equity swap contract with a global financial institution, guaranteed by the company, in relation to Cellnex shares for a notional amount of €150,000,000 which, at current market prices, represents approximately 5,000,000 Cellnex shares, or approximately 0.7% of its share capital, maturing within 12 months, and settleable by cash differences.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.