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Telefonica sells 10% stake in Telxius to Pontegadea for EUR 379 mln

Friday 27 July 2018 | 14:52 CET | News
Telefonica has announced the sale of a 9.99 percent stake in its infrastructure subsidiary Telxius to Pontegadea, the holding company of Zara founder Amancio Ortega, for a total of EUR 378.8 million. The sale was structured via Telefonica's subsidiary, Pontel Participaciones, which owns 60 percent of Telxius' capital stock. Pontegadea now owns 16.65 percent of Pontel and Telefonica the remaining 83.35 percent, with the operator stressing that it retains operational control of Telxius via a majority stake.

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Categories: Fixed
Companies: Telefonica / Telxius
Countries: Spain
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