Spain completes another Telefónica stake purchase, hitting 10% target


Government finishes two-month process of incremental share buy-ups to become the operator’s largest stakeholder. Reports indicate Spain’s CriteriaCaixa also looking to increase stake to 10% to match government’s holding. Read more…

This article includes:

  • Organisations: Banco Bilbao Vizcaya Argentaria (BBVA); CaixaBank; Deutsche Telekom; Comisión Nacional del Mercado de Valores (CNMV) CriteriaCaixa; Ministry of Finance; Morgan Stanley; Orange; Sociedad Estatal de Participaciones Industriales (SEPI); stc Group; Telecom Italia; Telefónica Group.
  • Themes: Defence; Finance and investment; Investments and investment firms; Mergers and acquisitions (M&A); Security; Shareholder changes; Stake purchases.
  • Geographic: Europe; Spain.

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