Morgan Stanley reduces its stake in Telefónica to 8%
US investment bank Morgan Stanley has reduced its stake in Telefónica to 8%, a move that puts the current value of its position at 1,726 million euros, according to the records of the National Securities Market Commission (CNMV).
Morgan Stanley has reduced its stake in Telefónica to 8%, valued at 1,726 million euros. The US investment bank's stake has decreased from 13.091% to 8.398%, comprising 0.101% from voting rights and 8.297% through financial instruments. This represents 476,180,167 shares in the telecommunications company. The reduction is due to the expiration of some financial derivatives used to cover STC's position in Telefónica.
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