Cellnex Shares Drop After No New Offers Arrive for Abertis's Stake

Date : 17/04/2018 @ 12h23
Source : Dow Jones News
Valeur : Atlantia (ATL)
Cours : 18.185  -0.28 (-1.52%) @ 17h35
Atlantia Cours Graphique

Cellnex Shares Drop After No New Offers Arrive for Abertis's Stake

Atlantia (BIT:ATL)
Graphique Historique de l'Action

1 an : De Nov 2017 à Nov 2018

Plus de graphiques de la Bourse Atlantia
   By Alberto Delclaux 
 

Shares in Cellnex Telecom SA (CLNX.MC) fell on Tuesday after no new bidders made an offer for a 29.9% stake held by Abertis Infraestructuras SA (ABE.MC) before a deadline on Monday.

The lack of new bids led Atlantia SpA (ATL.MI) to exercise an option to sell the Cellnex stake to Edizione Srl, the Benetton family's holding and its largest shareholder, on Tuesday. Atlantia's option on the stake is linked to its takeover offer for Abertis, which it made with Spain's Actividades de Construccion y Servicios SA (ACS.MC).

Edizione will buy the 29.9% stake--which is part of Abertis's overall 34% shareholding--for 1.49 billion euros ($1.84 billion), or EUR21.50 a share. According to Spanish regulations, owning more than 30% of a company forces the shareholder to launch a full bid.

Atlantia announced its intention to exercise the option in early April, provided no improved offers were received by Monday. Press reports speculated about interest from other groups, but nothing materialized before the deadline.

At 0946 GMT, Cellnex shares were down 3.5% at EUR22.45.

 

Read more about the Abertis takeover at https://on.wsj.com/2EmQbEo (WSJ paywall) or http://bit.ly/2HdHGRR (NewsPlus).

 

Write to Alberto Delclaux at alberto.delclaux@dowjones.com

 

(END) Dow Jones Newswires

April 17, 2018 06:08 ET (10:08 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Dernières Valeurs Consultées
EU
GLE
Société Gé..
EU
ALU
ALCATEL-LU..
EU
PX1
CAC 40
ORA
Orange
FX
EURUSD
Euro vs Do..
Les dernières valeurs consultées apparaîtront dans cette boîte, vous permettant de choisir facilement les titres vus auparavant.


Inscrivez-vous maintenant pour créer votre liste d'actions personnalisée, en streaming.

Les cours EURONEXT (CAC 40, etc. ) et FOREX (les devises) sont en direct si connecté.
NYSE, AMEX, et ASX sont en différé d'environ 20 minutes. Les autres cours sont en différé d'environ 15 minutes.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Conditions Générales

P:42 V:fr D:20181116 05:34:16