JP Morgan posted a gain of up to 5.5% this Wednesday. Cellnex He’s fighting for control of the board of directors to appoint a CEO to replace Tobías Martínez.
The investment bank reported to the National Securities Market Commission (CNMV) participation after announcing last Tuesday that he has zero share, although the firm has reported positions of about 5% of the company since December.
JP Morgan’s participation increased by approximately 1.2% of directly owned shares and another 4.3% expressed around different financial instruments ranging from stock options to rights to repurchase borrowed shares or 6.6 million convertible bond securities. expressed.
With this move, Joining other corporate companies like JP Morgan, BlackRock Empowered in the company during the attack by TCI and Chris Hohn to unblock the appointment of a new CEO, resulting in the departure of two investor-specified independent directors to date. Bertrand Kan, the former head of the body.
Cellnex’s share has risen almost 15% since Hohn launched his offensive, bringing together eight of the nine sessions that ended in ‘green’. The company’s titles closed this Wednesday at 37.82 euros, up 3.39% from the previous session and chains in front of him two days in a row. mountain goat 35.
This recovery places JP Morgan’s bundle of shares in the company valued at close to 1,500 million euros.