Manulife Financial's investment management division is reportedly negotiating the purchase of Cellnex's stake in its Swiss operations. The move suggests a strategic shift in asset allocation for both the Spanish telecom infrastructure firm and the Canadian insurer.
- Cellnex exploring sale of Swiss unit stake
- Manulife Financial's investment arm acting as potential acquirer
- Deal involves the use of professional financial advisers
- Strategic move for Cellnex to optimize portfolio and liquidity
- Manulife seeking to expand infrastructure asset holdings
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