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| Name | Symbol | Market | Type |
|---|---|---|---|
| Telefonica SA | NYSE:TEF | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.02 | 0.42% | 4.80 | 29,750 | 12:23:57 |
From Jun 2023 to Jun 2024
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.
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