UAE's e& increases stake in Vodafone Group
Vodafone Group
69.32p
16:40 14/11/24
0.38%
0.26p
UAE telecommunications company e&, formerly Etisalat, has upped its stake in London-listed Vodafone Group.
FTSE 100
8,071.19
16:39 14/11/24
n/a
n/a
FTSE 350
4,459.02
16:38 14/11/24
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FTSE All-Share
4,415.96
16:39 14/11/24
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Mobile Telecommunications
1,958.52
16:59 24/01/22
1.39%
26.78
E& now holds more than 3.272bn shares in Vodafone, which represents a 12% stake.
The additional shares were bought on Tuesday for an undisclosed sum.
E& said: "Executed at what we believe is an attractive valuation, the investment rationale is unchanged from our announcement on 14th of May 2022, specifically to obtain significant exposure to a global leader, and leverage potential commercial partnership and realise future return on our investment."