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Criteria continues the purchase of shares in Telefónica and reaches 2.2% of the capital

Date: May 31, 2023 Time: 05:23:50

Criteria Caixa continues to buy the capital of Telefónica and has already exceeded 13.43 million euros after acquiring more than 3.77 million shares, as it has been reporting to the National Securities Market Commission (CNMV). In this way, Criteria Caixa has continued to consolidate its position in the capital of Telefónica and now holds approximately 2.2% of the company’s shares.

These purchases continue to increase the holding’s position in the shareholding and bring it closer to being in the fourth echelon of the company’s capital once it surpasses Vanguard, which has just under 2.5% of the capital. Which would position it only behind Caixabank, BBVA and BlackRock.

On the other hand, the vice president of the board of directors of Telefónica and president of the ‘la Caixa’ Banking Foundation, Isidro Fainé, has notified this Monday the sale of just over 2,000 shares of Telefónica, in contrast to the activity of Criteria Caixa, who also presides Fainé has registered with the National Securities Market Commission (CNMV) the sale of 2,378 titles at a unit price of 3.39 euros, which results in an operation of an amount of 8,061 euros that took place on December 23.

This is the first time that the manager has sold shares in the company, of which, according to the Telefónica Corporate Governance report from last year, he owns 0.01% of the capital, which represents slightly more than 577,000 shares, for what the sale made is not very significant.

The manager has carried out several purchases of shares in recent years and has also opted for remuneration during the pandemic in some of the scrip dividends that the company has obtained. Telefónica’s shares have started the year with increases and are around 3.58 euros, 5.6% more expensive than at the time of the sale of Fainé.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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