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General

Telefonica closes EUR 305 mln acquisition of 50% of Prosegur's alarm business

Friday 28 February 2020 | 10:49 CET | News
Telefonica has closed its acquisition of a 50 percent stake in the Spanish alarm business of private security company Prosegur after receiving EU antitrust approval. In a statement to securities markets regulator CNMV, the operator said it agreed to pay a total of EUR 305.6 million for the stake via 49.5 million Telefonica shares, equivalent to 0.95 percent of its capital. Prosegur has undertaken to accept certain restrictions on the transferability of the shares under the terms of the transaction, added Telefonica.

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Categories: General
Companies: Telefonica
Countries: Spain
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