cellnex global investment

Cellnex Hutchinson

Cellnex To Issue 192.7 M Shares At 36.33 €/Share To Increase Capital By €7Bn

Cellnex Telecom CEO, Tobías Martínez, assured on Monday at the 2021 General Shareholders’ Meeting that the telecoms company will grow by 21% annually until 2025, when it is expected to reach a turnover of between 4.1 and 4.3 billion euros. In this context, the company has announced the terms of the capital increase of 7 billion euros. The capital increase will mean the issue of 192,619,055 new shares at a unit price of 36.33 euros. This implies a discount of 22% compared to yesterday’s closing price.