SEPI reaches 6% in Telefónica and accelerates to fulfill the government's 10% mandate

El Pais

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Media Conglomerate: PRISA

SEPI reaches 6% in Telefónica and accelerates to fulfill the government's 10% mandate

The State Company for Industrial Participations (SEPI) has informed the National Securities Market Commission (CNMV) that it has reached 6.169% in Telefónica. The public body, which seeks to reach 10% in the operator to deal with the landing of the Saudi STC, is thus consolidating its position as the second shareholder, only behind the Middle Eastern company -although it is still waiting for definitive authorization from the Government to assert…