Telefonica Stalls Argentine Subsidiary IPO Due to Peso Crisis -El Confidencial

Date : 05/17/2018 @ 6:36AM
Source : Dow Jones News
Stock : Telefonica Sa (TEF)
Quote : 9.1908  -0.1092 (-1.17%) @ 2:16PM

Telefonica Stalls Argentine Subsidiary IPO Due to Peso Crisis -El Confidencial

Telefonica (NYSE:TEF)
Historical Stock Chart

1 Month : From Apr 2018 to May 2018

Click Here for more Telefonica Charts.

--Spanish telecommunications company Telefonica is likely to stall its plans to launch an IPO for its Telefonica Argentina subsidiary as the sharp selloff of the Argentine peso drives inflation fears, Spanish newspaper El Confidencial reports, citing unnamed sources.

--Telefonica hasn't yet taken a decision and is awaiting further developments after Argentina requested a credit line from the International Monetary Fund, El Confidencial says.

--Morgan Stanley and Bank of America Merrill Lynch have told the Spanish company that in the current scenario it is impossible to sell shares in an Argentine company to investors, El Confidencial reports.

 

Full story in Spanish: https://bit.ly/2rLSqwI

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

May 17, 2018 06:21 ET (10:21 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

Latest TEF Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.