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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Credit Agricole SA | EU:ACA | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.015 | 0.10% | 15.29 | 15.285 | 15.295 | 15.39 | 15.255 | 15.30 | 1,308,645 | 14:18:45 |
From May 2022 to May 2024
By Cristina Roca
Telefonica SA said Monday that it has agreed to sell a 45% stake in Bluevia Fibra SL to a consortium formed by Vauban Infrastructure Partners and Credit Agricole SA for 1.02 billion euros ($1.04 billion) in cash.
The deal values Bluevia at EUR2.5 billion. The company, in which Telefonica will keep a 55% stake through its subsidiaries, will deploy and commercialize a fiber-to-the-home network, mainly in rural Spain.
Bluevia will acquire 3.5 million premises from Telefonica--about 13% of the Spanish telecommunication company's FTTH network in Spain--and will deploy another 1.5 million over the next two years.
The deal also includes agreements for Telefonica to provide services to Bluevia.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
July 25, 2022 02:01 ET (06:01 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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