Telefonica Sells China Unicom Stake Valued at Up to $367 Million

  • Stock is being offered at HK$7.75 to HK$7.85 each in the sale
  • The sale is said to have demand for all stock on offer

Telefonica SA, facing roadblocks in the planned sales of its assets following Britain’s vote to leave the European Union, is paring a stake in China Unicom (Hong Kong) Ltd. to raise as much as $367 million.

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