GIC Adds More to Cellnex Ownership Position

Posted on 03/29/2021

Singapore’s GIC Private Limited bought a 2.5% stake in Cellnex from Edizione, the Benetton family’s investment firm. Cellnex is a major European mobile phone towers operator. GIC would raise its stake in Cellnex to 8.07% from a previous 5.57%.

The amount of the deal is estimated at 542 million euros.

Edizione is Cellnex’s largest shareholder with a 13.02% stake.

Get News Stories Delivered to Your Inbox