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Spain's Cellnex is in talks to sell its stake in its Swiss unit to Manulife, sources say.
Cellnex is in talks to sell its 72% stake in its Swiss unit to Manulife.
KEY POINTS
- Previous attempts to sell the Swiss unit failed due to bids below Cellnex's expectations.
- JPMorgan analysts value the entire Swiss unit at approximately 2 billion euros.
- Manulife's Global Communications Infrastructure recently entered Europe by acquiring a 50% stake in Tele2's assets.
COMPANIES
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