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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 | |
|---|---|---|---|---|---|---|---|---|
| 0.06 | 1.35% | 4.51 | 4.53 | 4.50 | 4.51 | 828,496 | 01:00:00 |
From May 2019 to May 2024
By Pietro Lombardi
Telefonica SA (TEF.MC) has reached an agreement with Prosegur SA Compania de Seguridad (PSG.MC) to buy a 50% stake in Prosegur's alarm business in Spain.
The deal value 50% of Prosegur's alarm business in the country at roughly 300 million euros ($331 million), the Spanish telecommunications company said Wednesday.
The price, or part of it, can be paid in treasury shares, in which case Prosegur will become a shareholder of Telefonica.
The deal is subject to regulatory approval.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
September 18, 2019 02:35 ET (06:35 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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