Brief: Spain's Cellnex says buys Shere Group for 393 million euros

Arcus Development

29/09/2016 20:04

Sept 29 (Reuters) - Cellnex Telecom Sa  CLNX.MC : 
    * Says signs deal with Arcus Infrastructure Partners to buy 
100 percent of Shere group, owner of communications towers and 
wireless sites, for 393 million euros ($440.67 million)  
    * Says Shere Group manages 1,004 telecom tower sites, 464 of 
the in the Netherlands and 540 in the UK, which will contribute 
expected revenues of about 29 million euros ($32.52 million) on 
a full year basis  
    * Says the transaction will be financed through available 
cash 
 
Further company coverage:  CLNX.MC  
 
($1 = 0.8918 euros) 
 
 (Reporting by Madrid Newsroom) 
 ((jesus.aguado@thomsonreuters.com;))