13th Dec 2019 11:04
(Alliance News) - BT Group PLC has agreed to sell its Spanish business to Portobello Capital, Spain's El Pais newspaper reported on Friday.
Citing sources close to the matter, El Pais said the sale of BT Spain will be unveiled in the company days.
The Spanish unit delivered, in the year ended March, revenue of EUR328 million out of a group total of GBP23.43 billion.
https://cincodias.elpais.com/cincodias/2019/12/12/companias/1576180996_211698.html
BT shares were 7.4% higher on Friday morning in London at a price of 203.25 pence each, with the stock benefiting after the Tory victory in the UK general election. Labour had threatened to nationalise parts of BT had it won.
By George Collard; [email protected]
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