Tuesday, May 21, 2024

Spanish state achieves 10% in Telefónica and now Criteria Caixa seeks same objective

In this way, a "Spanish hard core" would be reached in which the BBVA stakes would also be added, which would reach 30% of the operator's share package, which would shield it against hostile takeovers,

Criteria Caixa, the investment arm of the La Caixa banking foundation, will aim to reach a 10% stake in the operator's capital from its current 5.007%.

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