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Edizione completes acquisition of Cellnex stake, sees growth prospects

Edizione completes acquisition of Cellnex stake, sees growth prospects
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By Reuters
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MILAN (Reuters) - Italy's Edizione has completed the acquisition of a 29.9 percent stake in Cellnex from Abertis and believes the Spanish telecom masts group has important growth prospects, the holding company of the Benetton family said on Thursday.

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Edizione, which was advised by Goldman Sachs on the deal, has carried out the 1.49 billion euro (1.32 billion pounds)acquisition through a newly established company called ConnecT.

The new company is fully owned by Edizione's subholding Sintonia.

($1 = 0.8566 euros)

(Reporting by Francesca Landini; editing by Agnieszka Flak)

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