Enel Takes 21% Stake in Ufinet International for €150M
June 25, 2018
Enel has agreed to invest €150 million to acquire a 21% stake in Ufinet International, an independent fibre network operator headquartered in Madrid. Cinven will retain a 79% majority holding; the strategic partnership gives Ufinet additional capital and access to Enel's Latin American assets to accelerate FTTH, wholesale fibre deployment and M&A-driven expansion.
- Buyers
- Enel
- Targets
- Ufinet International
- Sellers
- Cinven (Sixth Fund)
- Industry
- Telecommunications
- Location
- Madrid, Spain
- Transaction Type
- Growth capital
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