Market Chatter: Spain's Cellnex Telecom Said to Start Stake Sale Process for Swiss Business
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Spain's Cellnex Telecom has initiated a stake sale process for its Swiss operations, aiming to raise up to 2 billion euros. Potential bidders include EQT, SBA Communications, and Stonepeak Infrastructure Partners, with preliminary interest from DigitalBridge Group and Phoenix Tower International. JPMorgan Chase & Co. and Societe Generale are managing the sale, with first-round offers expected by early May. Cellnex declined to comment, while EQT did not respond to inquiries.
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