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VIV Telefonica Brasil SA

8.86
0.01 (0.11%)
25 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Telefonica Brasil SA NYSE:VIV NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.01 0.11% 8.86 9.01 8.84 9.01 695,720 01:00:00

EU's Barnier: Portugal's Use Of Golden Shares "Unjustified"

01/07/2010 12:20pm

Dow Jones News


Telefonica Brasil (NYSE:VIV)
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The Portuguese government's use of its golden shares in Portugal Telecom SGPS SA (PTC.LB) to block Telefonica SA's (TEF) bid for PT's stake in Brazilian mobile operator Vivo Participacoes SA (VIV), is "unjustified," the European Union's Commissioner for internal markets Michel Barnier said Thursday.

Special rights provided by golden shares go against a basic EU principle that investments should flow freely across the EU's internal borders, he said.

-By Carolyn Henson, Dow Jones Newswires; +32 2 741 1481; carolyn.henson@dowjones.com

 
 

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