Monday, January 22, 2024

Telefonica nears full ownership of German unit

Telefonica increased its stake in its German subsidiary to 93.1 per cent during a public tender offer to shareholders, spending around €1.5 billion in cash.
The operator stated it raised its stake from approximately 71.8 per cent held when it announced the public acquisition in November 2023, acquiring 630 million shares equating to more than 21 per cent. The offer is expected to be settled on 26 January 2024.
Read more here.
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