-- Predica, a life-insurance unit of Credit Agricole Assurances, has entered bidding for Telefonica's sale of up to 45% of its rural fiber-optic network in Spain, business daily Expansion reports, citing unnamed sources.

-- The unit is participating in the bid in a consortium with Vauban Infrastructure Partners, according to Expansion.

-- Allianz, Dutch pension fund PGGM and Canadian fund Caisse de Depot et Placement du Quebec are also part of the bidding process for the sale, Expansion reports.

Full story in Spanish: https://bit.ly/39hKddH

Write to Ed Frankl at edward.frankl@dowjones.com

(END) Dow Jones Newswires

June 13, 2022 07:58 ET (11:58 GMT)

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