Euskaltel considering partial listing?

23 Feb 2015

Derrio-based cableco Euskaltel has reportedly hired Rothschild as advisers to explore a potential partial listing on the stock exchange, according to Reuters, which cites Spanish business daily Expansion. Sources close to the operator, which is partly owned by private equity funds Trilantic Capital Partners and Investindustrial, are understood to have said that Euskaltel is looking to join a growing list of Spanish companies considering a listing, as international investors are drawn by the country’s improving economy. It has been claimed that Trilantic and Investindustrial, which together hold a 48.1% stake in the cableco, would list at least 25% of the share capital, and according to preliminary estimates the listing could value Euskaltel at between EUR400 million and EUR500 million (USD455 million-USD569 million).

Spain, Euskaltel Group (incl. R Cable and Telecable)