Telefonica and Asterion to Launch EUR1 Billion Sale of Nabiax, Spain's Expansion Reports
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Dow Jones
--Telefonica and private-equity fund Asterion have decided to launch the sale process of data processing center business Nabiax for 1 billion euros ($1.09 billion), Spanish newspaper Expansion reports.
--The two shareholders, with BBVA and Citi as advisors, plan to open the process to funds and industrial groups in June, Expansion says.
--Telefonica declined to comment when contacted by Dow Jones Newswires while Asterion didn't immediately respond to a request for comment.
Full story in Spanish: https://tinyurl.com/39djjutu
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
May 29, 2024 06:21 ET (10:21 GMT)
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