Spain: State takes 10% Telefónica stake
The Spanish state has become a shareholder in Telefónica with the acquisition of a 10 per cent stake in the company with an estimated value of €2 billion via state-owned holding company Sociedad Estatal de Participaciones Industriales (SEPI). The move comes three months after the Saudi STC paid €2.1 billion for its stake, 4.9 per […]