2023-09-06 16:55:55
Surprise operation of the Arab firm STC, controlled by the Saudi government. The purchase of a significant stake in Telefónica is part of the objective of the Gulf monarchies who want to diversify their business before the end of oil. Investments also in the luxury sector, such as the Ritz Hotel in Madrid in the hands of the Saudis. But before them, Qatar came to invest in Spain. In Iberdrola they have a stake ofl 9%, 19% in real estate Colonial and 25% of IAG airlines. And to get closer to Europe, nothing better than football. Cristiano Ronaldo opened the ban. 200 million euros per year. They followed him Karim Benzemá or Neymar. And on target, the Liverpool star Salah, who could become the biggest signing in history.
#Saudi #monarchy #largest #shareholder #Telefónica