e& Announces USD 5.95 Billion Sale of Vodafone Shares
Emirates Telecommunications Group Company (e&) has agreed to sell its entire stake in Vodafone for approximately USD 5.95 billion, representing a significant portion of the company's voting rights and share capital. The transaction includes cash proceeds from Vega, an acquisition vehicle owned by the Niel family group.
Topics: M&A shareholding divestiture Vodafone exit