REG - Telefonica SA - TEF-Sale of China Unicom shares <Origin Href="QuoteRef">TEF.MC</Origin>

Telefonica SAAnnouncement

10/11/2014 18:00

RNS Number : 6469W
Telefonica SA
10 November 2014
RAMIRO SNCHEZ DE LERN GARCA-OVIES
General Secretary and
Secretary to the Board of Directors
TELEFNICA, S.A.
 
TELEFNICA, S.A. as provided in article 82 of the Spanish Securities Market Act (Ley del Mercado de Valores), hereby reports the following
SIGNIFICANT EVENT
Within the framework of the proactive management of its asset portfolio and financial flexibility optimization, Telefnica, S.A., through its 100% subsidiary, Telefnica Internacional, S.A.U. (hereinafter "Telefonica"), has proceeded to the sale of 597,844,100 shares of China Unicom (Hong Kong) Limited ("China Unicom"), representing 2.5 % of the share capital of the company, by a block trade process, at a price of HK$ 11.14per share, for a total amount of HK$ 6,660 million, approximately  687 million at current exchange rates.
Telefnica maintains its commitment to the Strategic Alliance with ChinaUnicom.
Madrid, November 10, 2014.

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