Three Spanish Tentacles by Chris Hohn

He was credited as a Knight of the Order of St Michael and St George in the United Kingdom in 2014. That same year he agreed to pay his first wife. Jamie Cooper, $530 million in divorce settlements, breaking all official separation records at the time. Son of a Jamaican immigrant and a secretary, chris hohn (Addlestone, England, 1966) has emerged as one of the most influential investors and philanthropists in the world. It is also one of the greatest luck on the planet. According to this forbes ranked 288th with $8,000 million, down 15% this year.

hohn earnings from your investments, ITC fund Funding his salary, paying his teams and financing charity: The Children’s Investment Fund, with dividends that can reach 480 million a year in a good year. It defines itself as one of the largest foundations in the world, with annual investments of 2.182 million spread across Africa and Asia.

With a degree in Economics from the University of Southampton and an MBA from Harvard, he climbed all the ladders of investment banking. Apax Partners (a fund that owns Panrico and La Bella Easo, among other Spanish companies) and Perry Capital. He founded his management company and foundation in 2003.

TCI currently has 40,000 million assets, but its impact is beyond small compared to the assets carried by large government wealth funds and their managers. Black Rock, Pioneer anyone loyalty. Hohn has become an activist investor who not only moves money, but also does not hesitate to try to undermine the corporate governance of the companies in which he is a shareholder. Its orders are to ensure that companies take action to seriously combat climate change and make progress in decarbonisation. Hohn succeeded in making the state-controlled airport group Aena, which he directed in 2020 and currently owns 6.3%, the first group in the world to vote on a resolution on climate policy at the shareholders’ meeting to help climate mitigation. emissions.

This year, too, he took the opportunity to ask – just as he did with the others. alphabet, Google’s parent company – laying off more employees until it reaches 150,000 or encouraging Spanish group Cellnex to fire its president. It still hasn’t been able to get Alphabet to cut 35,000 more jobs to meet the target; however, the Cellnex board of directors bowed to Hohn’s claims and fired its chairman, Bertrand Kan, as independent director. Anne Bouverot.

TCI is the main shareholder of the European leader telecommunications towers with 9% of the capital, ahead of the Italian family manager Benetton. Since its IPO in 2015, Cellnex, formerly Abertis Telecom, has been a success story, which was discontinued last year. It grew based on acquisitions—35,000 million—largely financed by debt. In February, the company announced that its net debt stood at €16,900 million, impacted by 77% from the rate hike. More than 2022: 3,500 million sales and 2,630 ebitdas.

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The person who spearheaded the growth of Cellnex in January, its CEO Tobias Martinezannounced that it was taken by surprise. reasons? To people close to him: end-of-stage recognition that forces us to give way to a new leadership. The consolidation phase has begun. Problem? Cellnex stated that Martínez will leave in June and has commissioned a headhunting company to find a replacement for the company. At the top of the organization: nerves and paralysis. A fundamental rule of all good governance protocols considers that succession in senior management positions must have good tie-ups at the time the relocation is announced. Hohn, as a shareholder, criticized this delay and called for an immediate decision.

paper hohn It has a third leg in Spain: the construction company Ferrovial, of which it is the third shareholder with 7%. His stance on the relocation of the company’s headquarters, controlled by Rafael del Pino, was also clear: It has invested another 200 million since the announcement and congratulated the builder on his decision. Sir Chris Hohn never misses a thing. Shares rose after the announcement. It’s a whole plan.