Telefonica SA (TEF) has released an update.
Telefónica SA has successfully increased its stake in Telefónica Deutschland to approximately 96.85% after the acceptance of its public delisting acquisition offer, amounting to an additional 2.50% of the shares for a total consideration of around EUR 175 million in cash. The acquisition is expected to be finalized on April 29, 2024, following the delisting of Telefónica Deutschland shares from the Frankfurt Stock Exchange as of April 18, 2024.
For further insights into TEF stock, check out TipRanks’ Stock Analysis page.
