Telefonica Mulls LatAm Listings

Telefonica will consider the listing of some of its Latin American businesses, it says, as part of a plan to raise funds that also includes a German listing and disposal of non-core assets. M&A bankers say the ground remains ripe for European companies to sell part or all of LatAm assets as they seek to raise cash, with large Latin American firms, as well as players from Asia, in prime position to scoop them up. Telefonica operates in Argentina, Brazil, Chile, Colombia, Mexico, Peru, Uruguay, Venezuala and Central America.