Macquarie Asset Management Acquires 40% Stake in Open Fiber from Enel
August 5, 2021
Macquarie Asset Management has finalised an agreement to acquire a 40% equity interest in Open Fiber from Enel for €2.12 billion, while CDP Equity will hold the remaining 60% following Enel’s full exit. Open Fiber operates Italy’s largest FTTH network (over 12 million households passed) and the investment will support the company’s continued rollout of ultrafast broadband across Italy; completion was expected in Q4 2021 subject to regulatory approvals.
- Buyers
- Macquarie Asset Management, CDP Equity
- Targets
- Open Fiber
- Sellers
- Enel
- Industry
- Telecommunications
- Location
- Lazio, Italy
- Transaction Type
- Divestiture
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