May 13, 2021

The Canadian pension Fund increases its stake in Cellnex above 5%




Relevant movement in the shareholding of the telecommunications infrastructure operator Cellnex, which this week closed the acquisition of 2,650 sites in Sweden within the macro-operation to acquire the European portfolio of CK Hutchinson towers. He Canada Pension Plan Investment Board, the institution that manages the pensions of more than 20 million Canadians, has stated that already owns 5.005% of the company’s capital, surpassing reference shareholders such as Criteria Caixa, which maintains 4.77% of the capital under its control.

This is the information that appears in the CNMV records, in which the stock market regulator specifies that theThe previous position of this pension fund was 3.15% of shareholders in line with its Norwegian counterpart, Norges Bank.

In this way, the Canada Pension Plan Investment Board gains weight within the telecommunications operator and displaces Criteria as the fourth shareholder of the infrastructure operator.

Cellnex’s first shareholder is Edizione, controlled by the Benetton family, with 13.025%, followed by the Singapore sovereign wealth fund (GIC), with 7.03%, and the Abu Dhabi sovereign fund, called ADIA, with 6.97%, according to the company’s website. Behind, in addition to Criteria, other funds such as Blackrock (3.801%), Wellington Management Group (4.27%) or Norges Bank (3.033%).

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