Telefónica y Liberty preparan recortes por 700 millones en la británica VMO2

Morgan Stanley has reduced its stake in Telefónica to 8%, according to updated data from the Comisión Nacional del Mercado de Valores (CNMV). This move brings the value of the bank's position in the company to 1.726 million euros. Morgan Stanley's stake has decreased from 13.091% to 8.398%, which includes a 0.101% voting right attributed to shares and an 8.297% exercised through various financial instruments.

The bank now owns 476.180.167 shares in Telefónica, which trades at 3.625 euros per share, giving the stake a total value of 1.726 million euros. This is the lowest percentage of ownership for the financial institution in Telefónica since it entered the company's capital in September 2023. Other major shareholders of the operator include the government through SEPI (10%), CriteriaCaixa (9.9%), and the STC group (9.969%).

Telefónica closed trading on Thursday with a 1.46% increase, reaching a price of 3.62 euros per share. The change in Morgan Stanley's stake is due to the expiration of some of the financial derivatives used to cover its position in Telefónica. The company plans to gradually expire further blocks of derivatives as part of the overall operation, according to the formal documentation submitted to the CNMV.