Cuatrecasas, Gonçalves Pereira advises Euskaltel on its flotation on the stock exchange

2015年6月30日

Cuatrecasas, Gonçalves Pereira advises global coordinators J.P. Morgan and UBS
Cuatrecasas, Gonçalves Pereira advises global coordinators J.P. Morgan and UBS

The telecommunications company has set the price at €9.5 per share, giving it a market value of €1.2 billion

Euskaltel, a telecommunications operator, has closed its initial public offering before admission to listing on the stock exchange. The turmoil in the markets caused by the Greek crisis did not affect the success of this transaction. The company’s majority shareholders, Araba Gertu, Iberdrola, International Cable (Inverindustrial and Trilantic) and Kutxabank, together with the global coordinators, J.P. Morgan and UBS, have set the price at €9.5 per share.

With 126.5 million shares, Euskaltel will be listed with a market value of €1.2 billion, stated the Spanish Securities and Exchange Commission (CNMV). Seven financial institutions have participated in placing the institutional offer.

Cuatrecasas, Gonçalves Pereira has advised the global coordinators, J.P. Morgan and UBS.

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