MADRID: Spanish holding company Criteria said on Tuesday it sold a 2.64% stake in mobile phone mast operator Cellnex for 613 million euros ($660.02 million) in a private placement.
Criteria, the biggest shareholder in Caixabank , received 32.91 euros per share, or 2% less than the closing price on Monday, it said in a filing to the Spanish stock market regulator. Criteria owned in total a 4.
77% stake in Cellnex before the sale, according to LSEG data. JPMorgan handled the private placement, Criteria said. Criteria is in the middle of a broad rejig of its assets.
Before selling the stake in Criteria, the company had expanded its portfolio in strategic sectors of the Spanish economy. It increased its stake in Telefonica to around 10%, said it will become the biggest shareholder in real estate group Colonial with a 16.78% stake and became shareholder of beauty group Puig following its IPO.
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