By Pietro Lombardi
Telefonica has reached an agreement with Prosegur SA Compania de Seguridad (PSG.MC) to buy a 50% stake in Prosegur's alarm business in Spain.
The deal value 50% of Prosegur's alarm business in the country at roughly 300 million euros ($331 million), the Spanish telecommunications company said Wednesday.
The price, or part of it, can be paid in treasury shares, in which case Prosegur will become a shareholder of Telefonica.
The deal is subject to regulatory approval.
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