stc secures stake (and strategic say) at Telefónica
Saudi operator increases its holding in Spanish operator to just below 10%, following government approval for controversial move in November. Share buy to be accompanied by a Board of Directors seat, confirming stc’s position of influence over Telefónica, alongside Spanish government, as Group changes complexion. Read more…
This article includes:
- Geographic: Europe; Saudi Arabia; Spain.
- Organisations: Banco Bilbao Vizcaya Argentaria; BlackRock; Comisión Nacional del Mercado de Valores; Criteria Caixa; Fundacion Bancaria Caixa d’Estalvia i Pensions de Barcelona; Indra; Instituto de Consejeros-Administradores; La Caixa; Minsait; Morgan Stanley; National Securities Market Commission; Public Investment Fund; Saudi Telecoms Company; Sociedad Estatal de Participaciones Industriales; Telefónica Group.
- People: Alejandro Reynal; Ángel Vilá Boix; Antonio García-Mon Marañé; Carlos Ocaña Orbis; Claudia Sender Ramírez; Francisco Javier de Paz Mancho; Francisco José Riberas Mera; Isidro Fainé Casas; José María Abril Pérez; José María Álvarez-Pallete; Marc Thomas Murtra Millar; María Luisa García Blanco; María Rotondo Urcola; Pablo De Carvajal González; Peter Löscher; Solange Sobral; Verónica Pascual Boé.
- Themes: Board of directors; Expansion; Financial instruments; National security; Shareholder; Strategic tie-up; Takeover.
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