MADRID, 24 Mar. (EUROPA PRESS) –
Cellnex shares rose 2.3% at 9:30 a.m. to 34.35 euros per share, after British investor Sir Christopher Anthony Hohn, known as Chris Hohn in the financial world, became top shareholder of the company after exceeding 9% of the capital.
The telecommunications group started the trading day with a rise of 1.1%, which minutes later expanded to above 2%, leading the rise of the Ibex 35.
Hohn notified the National Securities Market Commission (CNMV) of an increase of around 2% of its stake, up to 9.032%, articulated through 3.19% in direct possession and 5.9% through his investment vehicle The Children’s Investment Master Fund (TCI), known for its activist positions.
This participation serves to place it above Edizione, the ‘holding’ of the Benneton family, and GIG, which has 7% of the firm’s titles.
At the same time, Hohn has sent a letter to the company’s Board of Directors in which he demands the dismissal of the president of the body, Bertrand Khan, and two of its members to speed up the selection of a CEO to replace him at the end of June. Tobías Martínez, who will leave the company at his own request.
The other two directors whose departure has been demanded have been the independent Peter Shore and the proprietary director, at the proposal of GIC, Alexandra Reich. In addition, she has proposed to replace one of them with a TCI manager.
TCI landed in the capital of Cellnex in 2021 and is present in other Spanish companies, such as Aena or Ferrovial. After his increase in weight in the capital, Hohn has a package of shares valued at market prices at more than 2,100 million euros.
