KM Financial Solutions | Spain’s BBVA says will take a 1.1 bln euros hit due to Telefonica stake writedown
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Spain’s BBVA says will take a 1.1 bln euros hit due to Telefonica stake writedown

Spain’s BBVA says will take a 1.1 bln euros hit due to Telefonica stake writedown

MADRID, Jan 9 (Reuters) – Spain’s second-biggest bank BBVA
on Tuesday night said it would take a hit of 1.123
billion euros ($1.34 billion) on its 2017 results due to the
decline in share price of its 5 percent stake in Telefonica SA
.

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