Blackrock takes stake in Euskaltel

Private-equity group Blackrock has acquired a 3.6% stake in Basque Country cable operator Euskaltel, which successfully debuted on the Bilbao stock market last week. Euskaltel’s other key investors remain regional bank Kutxaband, with a 30.1% stake and Corporación Financiera Alba, with 8%. Following its IPO on Wednesday, with shares priced at €9.50, in the middle […]