{
  "id": 6640249,
  "title": "Morgan Stanley reduces its stake in Telefónica to 8%",
  "url": "https://urgent.news/2026/09/10/morgan-stanley-reduce-su-participacion-en-telefonica-al-8",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-10T20:28:53.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/empresas/tecnologia/2026/09/10/6aa312a8468aebcb4f8b4571.html"
  },
  "original_language": "es",
  "account": "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.",
  "summary": "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).",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Corner",
        "title": "Morgan Stanley, holder of STC’s shares in Telefónica, reduces its stake from 13% to 8.3%",
        "url": "https://urgent.news/2026/09/11/morgan-stanley-holder-of-stcs-shares-in-telefonica-reduces-its-stake",
        "published": "2026-09-11T08:32:42.000Z"
      },
      {
        "outlet": "Expansion ES",
        "title": "Telefónica and Liberty prepare cuts worth 700 million in British VMO2",
        "url": "https://urgent.news/2026/09/11/telefonica-y-liberty-preparan-recortes-por-700-millones-en-la",
        "published": "2026-09-11T12:07:57.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}