Monday, May 7, 2007

Telco capital hike won't dilute Telefonica stake

(Reuters) - The capital increase, which will inject fresh capital into the holding, will have a share right issue solely reserved for Telefonica, thus allowing the Spanish company to keep its 42.3 percent stake in Telco, the documents showed.

A portion of the share right issue will be reserved for new Italian investors that Intesa is charged to find out.


Read more at Reuters.com Mergers News

No comments: