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BRIEF-Cellnex Telecom buys Swiss Towers AG in consortium, for 430 mln euros

May 24 CELLNEX TELECOM SA:

* SAYS BUYS SWISS TOWERS FOR A TOTAL CONSIDERATION OF 430 MILLION EUROS

* CLOSING EXPECTED WITHIN C.1 MONTH OF SIGNING, SUBJECT TO MERGER CONTROL CLEARANCE

* FINANCED THROUGH A COMBINATION OF NON-RECOURSE DEBT (142 MILLION EUROS) AND CONTRIBUTIONS FROM PARTNERS (316 MILLION EUROS)

* ACQUIRES SWISS TOWERS AG IN CONSORTIUM WITH DEUTSCHE TELEKOM CAPITAL PARTNERS (DTCP) AND SWISS LIFE ASSET MANAGERS

* TO HOLD A 54 PERCENT STAKE IN CELLNEX SWITZERLAND, THUS CONTROLLING AND CONSOLIDATING THE ENTITY Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

我们的标准: 汤森路透“信任原则

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