Spanish lender BBVA reduces stake in Telefonica below 2% from 5%, regulator data shows

MADRID: Spanish lender BBVA has reduced its stake in telecoms giant Telefonica to 1.965% from a previous holding of 5%, official data from the Spanish ‌stock ⁠market supervisor ⁠showed on Wednesday.

BBVA, which has had its Telefonica shares listed as available for sale – and therefore as a financial asset – since 1997, did not disclose ⁠the aumount ‌of the transaction.

BBVA did not announce ⁠when the stake was sold.

The latest data from the supervisor showing a 5.007% stake in Telefonica was published in June last year.