Acciona and Alicia Koplowitz enter Euskaltel

4 February, 2016

Euskaltel  continues to attract shareholders. Some of the biggest Spanish fortunes have set their sights on the Basque company and firms like Bestinver or Morinvest, the SICAV (OEIC) controlled by Alicia Koplowitz, acquired stocks in the fourth quarter of the year. The fund management company controlled by Acciona  has entered the capital by purchasing shares worth nearly six million euros through various investment funds and SICAVs, as shown in the second quarter report sent to the Spanish National Securities Market Commission (CNMV – Comission Nacional del Mercado de Valores).

In fact, Bestinver emphasizes in its report that Euskaltel is one of the additions to its portfolio. Morinvest has also invested more than two million euros in Euskaltel, which has become the fifth value in its Spanish portfolio.

The entry of both groups coincides with the arrival of other international firms. They include Artisan Partners, which acquired 2.9 million Euskaltel shares, equivalent to 1.91% of its share capital. In turn, Marshall Wace announced the purchase of 3.73 million shares in the telecoms company, increasing its shareholding to 4.14 million titles, equivalent to 2.73% of the capital.

Barely seven months after the IPO, about 60 fund management companies and financial institutions have stockholdings in the telecoms company. Kutxabank is the leading shareholder, with 25% of the share capital, followed by Alba, with 10%; Abanca, with 5.27%; BlackRock, with 5.12%; Franklin Resources, with 4.18%, and Artemis, with 3.98%. As regards Spanish investors, Mutuactivos acquired 288,753 Euskaltel shares, placing its stake at 0.22% of the share capital.

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