2023-12-15 20:44:52
Updated Friday, December 15, 2023 – 19:44
The transaction was carried out last Thursday, but it was this Friday when the CNMV notified it
Isidro Fain, president of Criteria Caixa and the Caixa.EmBanca Foundation. Fain, elected president of the Social and Philanthropic Council of the international association of savings banks
The president of Criteria Caixa and the La Caixa Foundation, Isidro Fain, has sold 20,000 Telefnica shares for 73,600 eurosaccording to the records of the National Securities Market Commission (CNMV) and reported by Europa Press.
The manager, who is also vice president of the board of directors of Telefónica, has disposed of a total of 20,000 company titles to a unit price of 3.68 euros per share in a movement that took place this Thursday, December 14, but which has been notified by the CNMV this Friday.
The 3.68 euros at which Fain has sold the Telefnica securities They are above 3.62 euros (-1.55%) in which the company’s price closed this Friday’s trading day.
The actions of the operator chaired by Jos Mara Álvarez-Pallete They lost the level of 4 euros last Tuesday which they had recovered last December 1.
In that sense, the company paid 862.5 million euros in dividends on December 14 (0.15 euros per title) and, in addition, Telefónica’s shares were affected this week by the agreement reached by Digi with Orange and MsMvil. to facilitate the merger of these last two companies.
Specifically, the Romanian operator has purchased 60 megahertz (MHz) from MsMvil of radio spectrum, while it has closed a wholesale agreement option with Orange under advantageous conditions.
Although Digi’s agreement with Orange and MsMvil is subject to the European Commission approving the merger – the provisional deadline to make the decision is February 15, 2024 -, this movement may represent a threat to the wholesale business that Telefnica has with Digi until 2026 and which represents, according to different analysts, income of around 300 million euros annually for the Spanish ‘teleco’.
Telefónica, which on November 8 celebrated its ‘Investor’s Day’ and presented its new strategic plan 2023-2026is currently negotiating an employment regulation file in its three main subsidiaries in Spain (Telefónica de España, Mviles and Soluciones), for which it has proposed a “functional surplus” of staff of 3,959 workers (initially there were 5,124 ).
In parallel, the company is also negotiating with the unions the new collective agreement for related companies. Both negotiations are related to each other – although the dialogues to close the conditions of each one are independent – and should be resolved at the beginning of January.
BOX CRITERIA
So far this year, Criteria Caixa has invested a total of 77.92 million euros in the acquisition of 20.93 million titles of the operator, according to CNMV records.
Specifically, the share package that the entity chaired by Isidro Fain has acquired so far this year equals 0.363% of the total number of company titles.
As of November 30, 2023, Criteria Caixa’s shareholding in Telefónica stood at 2.53%according to the holding company’s website.
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