Spain's State Holding to Buy Up to 10% Stake in Telefonica
By Helena Smolak
Spain's state holding company, Sociedad Estatal de Participaciones Industriales, will acquire a stake of up to 10% in the country's largest telecom company, Telefonica.
SEPI said Tuesday that the move is aimed at providing Telefonica with greater shareholder stability. Spain's Council of Ministers ordered SEPI to carry out the acquisition.
Telefonica didn't immediately respond to a request for comment.
Write to Helena Smolak at helena.smolak@wsj.com
(END) Dow Jones Newswires
December 19, 2023 12:43 ET (17:43 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
Which AI Stocks Are Turning Hype Into Revenue?
-
Best- and Worst-Performing Stocks of May 2024
-
3 Stocks to Buy and 3 Stocks to Sell in June
-
Markets Brief: Friday’s Job Report in Focus
-
These Stocks Are (Still) Powering the Bull Market
-
5 Undervalued Energy Stocks to Play the AI Data Center Demand Boom
-
After Earnings, Is Lowe’s Stock a Buy, Sell, or Fairly Valued?
-
5 Stocks With the Largest Fair Value Estimate Cuts After Q1 Earnings
-
What Is Driving Small-Cap Stock Underperformance?
-
After Earnings, Is Zscaler Stock a Buy, a Sell, or Fairly Valued?
-
ASML Fair Value Raised as Outlook Improves
-
The Best Tech Stocks to Buy
-
Undervalued by 40%, This Stock Is a Buy After Earnings
-
After Earnings, Is MongoDB Stock a Buy, a Sell, or Fairly Valued?
-
Where We See Opportunities in June as Stocks Recover Losses
-
10 Top-Performing Dividend Stocks of the Month