BRAZIL-STOCK EXCHANGE

BSP01 - 19980729 - SAO PAULO, BRAZIL : Traders at the Sao Paulo stock exchange(BOVESPA) deal stocks for Telesp, the largest land line holding in Brazil, 29 July, minutes after it was bought out by the Spanish-led consortium Telefonica de Espana for 4.98 billion USD during the auction sale of Brazilian telecommunication giant Telebras held in Rio de Janeiro stock exchange. Trading was halted during the auction sale of Telebras which had been broken up into 12 holdings in a multi-billion-dollar privatization move. EPA PHOTO/AFP PHOTO/Marie HIPPENMEYER/STR/mh-oc