LONDON, Sept 29 (Reuters Breakingviews) - Marco Patuano is starting with a small but firm step.
After years of M&A-fuelled expansion, the new CEO wants to return Cellnex to investment grade and focus on organic growth and efficiency.
Cellnex shares shot up 4% Friday, adding 1 billion euros to the group’s market capitalisation.
If Patuano can keep finding buyers for his assets, he may soon return his company to investment grade.
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Persons:
Marco Patuano, Patuano, Pierre Briancon, Lisa Jucca, Streisand Neto
Organizations:
Reuters, X, Thomson
Locations:
Italian