Telefonica launches offer for 28% stake it does not own in German unit

Telefonica Deutschland Holding AG

07/11/2023 07:55

MADRID, Nov 7 (Reuters) - Spanish telecom firm
Telefonica  TEF.MC  said on Tuesday it has agreed to launch a
public tender offer for a 28.19% stake it does not own in its
German unit, Telefonica Deutschland  O2Dn.DE , for 2.35 euros
($2.51) in cash.
    Shares of Telefonica Deutschland closed at 1.7075 euros on
Monday evening.
    ($1 = 0.9353 euros)

 (Reporting by Inti Landauro, editing by Joan Faus)
 ((Inti.Landauro@thomsonreuters.com;))