Spanish State Holding Company Is Considering Buying Stake in Telefonica
31 Octobre 2023 - 8:47AM
Dow Jones News
By Adria Calatayud
Spanish state holding company SEPI is exploring the possibility
of buying a stake in Telefonica, according to a regulatory filing
dated Monday.
The news comes after Saudi Telecom Co. said last month it had
taken a 9.9% stake in the Spanish telecommunications company for
2.1 billion euros ($2.23 billion) through a direct acquisition of a
4.9% interest in the company and through financial instruments that
provide an exposure of over a further 5% of its share capital.
STC's purchase drew attention from Spanish government officials,
who said they would analyze the move.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
October 31, 2023 03:32 ET (07:32 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Telefonica (NYSE:TEF)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Telefonica (NYSE:TEF)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024
