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Spain - BBVA cuts stake in Telefonica to 5.47%.

Europe Intelligence Wire

| November 01, 2007 | COPYRIGHT 2007 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Telecompaper Europe)

Spanish bank BBVA has cut its stake in dominant telephony operator Telefonica to 5.47 percent. In a statement to the US stock exchange regulator, the SEC, BBVA said it sold 73.34 million shares, the equivalent of 1.54 percent of ...

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