As part of the reciprocal shareholding agreement between BBVA and TELEFÓNICA (see EI of 16 February), the Catalan savings bank LA CAIXA, one of the core shareholders in the Spanish telecommunications group, will be acquiring 20% of B2B, TELEFÓNICA's subsidiary for inter-business e-commerce. The remaining 80% will be owned equally by BBVA and TELEFÓNICA. Further, LA CAIXA and TELEFÓNICA will be setting up a 50-50 joint venture specialised in payment cards and means using mobile phones and...