M&A Deal Summary

Cellnex Telecom S.A. Acquires Cheung Kong - European Tower Assets & Businesses

On November 12, 2020, Cellnex Telecom, S.A. acquired communications company Cheung Kong (Holdings) Ltd. - European Tower Assets & Businesses from Cheung Kong (Holdings) Ltd. for 10.0B EUR

Acquisition Highlights
  • This is Cellnex Telecom S.A.’s 2nd transaction in the Communications sector.
  • This is Cellnex Telecom S.A.’s 1st largest (disclosed) transaction.
  • This is Cellnex Telecom S.A.’s 1st transaction in China.

M&A Deal Summary

Date 2020-11-12
Target Cheung Kong (Holdings) Ltd. - European Tower Assets & Businesses
Sector Communications
Buyer(s) Cellnex Telecom, S.A.
Sellers(s) Cheung Kong (Holdings) Ltd.
Deal Type Divestiture
Deal Value 10.0B EUR

Target

Cheung Kong (Holdings) Ltd. - European Tower Assets & Businesses

Hong Kong, China
Cheung Kong (Holdings) Ltd. - European Tower Assets & Businesses includes telecommunication tower assets and businesses portfolio for CKHGT and CKHH while accelerating the rollout of 5G across CKHGT’s networks.

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Buyer(S) 1

Buyer

Cellnex Telecom, S.A.

Madrid, Spain

website


Category Company
Founded 2008
SectorCommunications
Employees2,008
Revenue 1.6B EUR (2020)
DESCRIPTION

Cellnex Telecom, is an operator of wireless telecommunications infrastructures with a portfolio of 45,000 sites including forecast roll-outs up to 2027. Cellnex operates in Spain, Italy, Nether-lands, France, Switzerland, and the United Kingdom. Cellnex Telecom was founded in 2008 and is based in Madrid, Spain.


DEAL STATS #
Overall 2 of 2
Sector (Communications) 2 of 2
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-10 Cignal Infrastructure Ltd.

Dublin, Ireland

Cignal Infrastructure Ltd. is an independent telecom tower company, by owning and operating a portfolio of telecommunications towers and sites across Ireland.

Buy €210M

Seller(S) 1

SELLER

Cheung Kong (Holdings) Ltd.

Hong Kong, China

website


Category Company
SectorReal Estate
Employees8,200
Revenue 176.1B HKD (2015)
DESCRIPTION

Cheung Kong Holdings is a property development and strategic investment company. It is one of the largest developers in Hong Kong of residential, commercial and industrial properties. About one in seven private residences in Hong Kong were developed by the company.


DEAL STATS #
Overall 2 of 2
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 2 of 2
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-17 Park 'N Fly, Inc.

Atlanta,, Georgia, United States

Park'N Fly is the sole off-airport parking provider for the Vancouver International Airport. Vancouver’s Park’N Fly offers valet car park services for business and leisure travelers as well as provides 24-hour shuttle transportation services to ensure fast and easy transfer between the airport and car drop-off/pick up area. Other ancillary services include auto detailing, premium oil changes and automotive maintenance.

Buy HK$238M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-06 Hongkong United Dockyards Ltd.

Tsing Yi Island, China

HUD Group is a provider of multi-disciplinary marine services and engineering solutions. Its 100,000-square-metre dockyard is well located geographically on Tsing Yi Island, in close proximity to Hong Kong’s two main import and export channels: Kwai Chung Container Terminals and Hong Kong International Airport. HUD Group was founded in 1972 and is based in Tsing Yi Island, Hong Kong.

Buy -