Radar > 259629

Atlantia agrees purchase and sale options for 34% of Cellnex Telecom

Atlantia pacta opciones de compra y de venta sobre el 34% de Cellnex Telecom

Intel ID : 259629
Synopsis

Atlantia [BIT:ATL], an Italy-based highway construction and operation company, obtained a purchase option for 29.9% or 34% of Cellnex Telecom [BME:CLNX] currently held by Abertis [BME:ABE], subject to the success of the Public Takeover Offer launched by Hochtief [FRA:HOT], a Germany-based company controlled by ACS [BME:ACS], for Abertis.

The option is part of the agreement between Atlantia, Hotchief and ACS to jointly control Abertis.

At the same time, Atlantia signed a sale option with Italy-based Edizione for 29.9% of Cellnex Telecom. If the two deals are carried out and Atlantia is left with 4.1% of Cellnex Telecom, it would be forced to launch a PTO for the company.
(content in spanish)

Atlantia [BIT:ATL], empresa italiana dedicada a la construcción y gestión de autopistas, ha obtenido una opción de compra sobre el 29,9% o el 34% de Cellnex Telecom [BME:CLNX] que está en manos de Abertis [BME:ABE], sujeta al éxito de la Oferta Pública de Adquisición que Hochtief [FRA:HOT], empresa alemana controlada por ACS [BME:ACS], está lanzando sobre Abertis.

Todo ello se enmarca en el acuerdo entre Atlantia, Hochtief, y ACS para controlar conjuntamente Abertis.

Al mismo tiempo, Atlantia ha firmado una opción de venta con la empresa italiana Edizione sobre el 29,9% de Cellnex Telecom. En caso de que ambas operaciones se llevasen a cabo y Atlantia se quedase con el 4,1% de Cellnex Telecom, se vería obligada a lanzar una OPA sobre la compañía.

Relevant Documents

Bidder

Atlantia
Italy

Advisors

retained

Target

Seller

Ultimate Owner (Seller)


Intel ID 259629
Value EUR 1.500,00m (Approx.)
Native Currency Euro (EUR)
Financial Data - Cellnex Telecom
(31 Dec 2022)
Revenue: EUR 3.479,91m
EBITDA: EUR 2.551,01m
Net Debt: EUR 270.675,54m
People: 3018
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
verified
Subsector (Old TTR Sectors)
Infrastructure / Roads and Highways (Primary)
Primary Sector (TTRSC)
35.09.05 Toll Bridges, Roads & Highways
35 Industrials / 35.09 Transport Infrastructure

Country
Website
Description

Bidder

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Distribution and Retail (Primary)
Natural Resources / Agriculture, Agribusiness, Farming and Fishing
Real Estate and Construction / Real Estate
Country
Website
Description

Target

Name
verified
Subsector (Old TTR Sectors)
Technology and Telecoms / Telecoms (Primary)
Primary Sector (TTRSC)
60.01.03 Telecoms Towers & Infrastructure
60 Telecommunications / 60.01 Telecommunications & Networking Hardware

Secondary Sectors (TTRSC)
60.02.99 Other Telecommunications & Networking Services
60 Telecommunications / 60.02 Telecommunications & Networking Services

Country
Website
Description

Seller

Name
verified
Subsector (Old TTR Sectors)
Infrastructure / Roads and Highways (Primary)
Infrastructure / Airports
Technology and Telecoms / Telecoms
Primary Sector (TTRSC)
35.09.05 Toll Bridges, Roads & Highways
35 Industrials / 35.09 Transport Infrastructure

Secondary Sectors (TTRSC)
35.09.01 Aerodromes & Airports
35 Industrials / 35.09 Transport Infrastructure

60.01.03 Telecoms Towers & Infrastructure
60 Telecommunications / 60.01 Telecommunications & Networking Hardware

Country
Website
Description

Ultimate Owner (Seller)

Name
verified
Subsector (Old TTR Sectors)
Real Estate and Construction / Construction (Materials and Machinery) (Primary)
Primary Sector (TTRSC)
35.03.03 Construction & Engineering (Non Residential)
35 Industrials / 35.03 Construction & Engineering

Country
Website
Description

Ultimate Owner (Seller)

Name
verified
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Primary Sector (TTRSC)
35.03.03 Construction & Engineering (Non Residential)
35 Industrials / 35.03 Construction & Engineering

Country
Website
Description

Legal Advisory

Radar

Date Title Type Intel Grade Country Subsector  

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Equity Capital Markets

Date Issuer/Buyer Type Country VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.