Leopoldo Fernandez Pujals, chairman of Spanish telecoms firm Jazztel has hired Barclays and Spanish bank, Caja Madrid to sell 4% of his holding through an accelerated bookbuilding.
Brokers said the sale to domestic and international institutional…
Leopoldo Fernandez Pujals, chairman of Spanish telecoms firm Jazztel has hired Barclays and Spanish bank, Caja Madrid to sell 4% of his holding through an accelerated bookbuilding.
Brokers said the sale to domestic and international institutional investors will be made at a price between E2.60 and E2.70 (US$3.40 to US$3.53) a share.
The sell-off was announced in a filing published by the Spanish stock market regulator, CNMV.
Jazz recently announced a 40% year-on-year increase in consolidated revenue driven, it said, by continued growth in turnover from retails services. In 2Q’10 revenues were revenues of E149.5m (US$194m).
