LONDON, Aug 29 (Reuters) - Vodafone stock hit a12-year high on Thursday after the UK-listed telecom confirmedit was in talks to sell its 45 percent stake in a U.S. jointventure to partner Verizon Communications.
At 0711 GMT, Vodafone's stock was up 8.3 percent at 205.01pence, off a high of 207 pence, leading risers on thepan-European FTSEurofirst 300 index, which was up 0.5percent.
Demand to trade the stock was strong after a delayed open,with volume at nearly half its 90-day daily average after lessthan 15 minutes trade. That compared with an average tradedvolume across the FTSEurofirst 300 of less than 8 percent. (Reporting By Francesco Canepa; editing by Simon Jessop)