Criteria places almost all of its 3% stake in Cellnex on the market

Significant changes in La Caixa. Caixa criteria, holding company The fund placed 2.6% Cellnexvirtually the entire historical participation of the Catalan group since its separation from Abertis in the telecommunications towers company.

In the same time, CaixaBank notified that it has completed its departure from Telefonica after selling the 2.546% he had in the company in two different transactions: the exercise of a financial instrument for 0.97% of the capital and the market sale of the remaining 1.576%.

In the case of Cellnex, Criteria hired an investment bank JP Morgan to quickly place the stake among institutional investors, which the company hopes to complete in less than a day, according to a message sent to the National Securities Market Commission (CNMV).

According to the agreement signed with the American investment bank, the Catalan investment group will retain less than 0.4% of the shares for at least 180 days. The stake is offered for sale at a price of 33.58 euros, which is the price of the group’s shares. Its value exceeds 624 million euros..