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Stock impact report

Allianz buys 10% stake in American Towers Europe [Reuters]

American Tower Corporation (REIT) (AMT) 
Last american tower corporation (reit) earnings: 4/29 07:00 am Check Earnings Report
Company Research Source: Reuters
The 530 million euros ($642 mln) deal gives ATC Europe a valuation of 8.8 billion euros, including debt, the same figure seen when Canada's Caisse de depot et placement du Québec bought 30% in ATC Europe last month. American Tower will retain managerial and operational control and Allianz will obtain seats on ATC Europe's board of directors, along with certain governance rights. ($1 = 0.8254 euros) (Reporting by Arno Schuetze Editing by Riham Alkousaa) Show less Read more
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