e& Completes Sale of Vodafone Stake for USD 5.95 Billion

Corporate Action
โดย PR Newswire·Read original
Summary · why it matters

Emirates Telecommunications Group Company, known as e&, has completed the sale of its entire stake in Vodafone Group, generating total cash proceeds of USD 5.95 billion. The transfer of 3,944,743,685 ordinary shares to BNPP Financial Markets, Crédit Agricole Corporate and Investment Bank, and Société Générale yielded gross cash proceeds of AED 21.5 billion, or approximately 110.5 GBX per share. A remaining dividend of 2.02 GBX per share, equivalent to AED 0.4 billion, is due on 30 July 2026, bringing the total consideration to AED 21.9 billion and a net cash return of AED 4.8 billion. The transaction allows e& to sharpen its strategic focus on core businesses while unlocking investment value.

Impact on stocks 2

Cloud & Digital Infrastructure▼ · 1 stocks
Vodafone Group PLC
VOD
▼ NegativeCapitalrelevance

e& sold its entire 3.94B share stake in Vodafone, representing a large block sale that may pressure the stock.

Financials▲ · 1 stocks

Off-coverage companies 1

Emirates Telecommunications GroupPrivate▲ Positive
Capitalrelevance

e& completed the sale of its Vodafone stake for $5.95B, unlocking investment value and sharpening strategic focus.

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