Spain to buy up to 10% in Telefonica following Saudi entrance zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Telefonica shares were up 5.5% at 3.763 euros in early trading, on track for their best day since November 22, 2021 and the top gainer in the STOXX 600 index.
International Business News: Telefonica's shares soared after the Spanish government announced it would buy a stake of up to 10% in the company to counterbalance Saudi Arabia's ST
The Spanish government will acquire a
stake of up to 10% in telecoms giant Telefonica to
counterbalance a large holding in the company built by Saudi
Arabia s STC. Economy Minister Nadia.
Spain PM Slams Far-right Leader Over Hate Speech barrons.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barrons.com Daily Mail and Mail on Sunday newspapers.