GIC and ADIA Increase Stakes in Cellnex

Posted on 07/12/2019


ConnecT holds 29.9% of Spanish tower group Cellnex. Italy’s Benetton family sold an indirect minority interest in Spanish tower group Cellnex to GIC Private Limited and the Abu Dhabi Investment Authority (ADIA). Italy’s Benetton family sold 5% of a vehicle called ConnecT to ADIA and GIC. ADIA and GIC exercised their call option. Post-deal, Benetton’s […]