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BBVA Sells Majority of Telefónica Stake, Reducing Holding to 1.96%
Elmundo

BBVA Sells Majority of Telefónica Stake, Reducing Holding to 1.96%

BBVA has reduced its stake in Telefónica from over 5% to 1.96%. The bank described the investment as financial rather than strategic and confirmed ongoing collaboration with the telecom operator on various projects.

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