UAE's e& increases stake in Vodafone Group
Vodafone Group
71.58p
14:15 26/11/24
0.70%
0.50p
UAE telecommunications company e&, formerly Etisalat, has upped its stake in London-listed Vodafone Group.
FTSE 100
8,284.13
14:15 26/11/24
n/a
n/a
FTSE 350
4,564.01
14:15 26/11/24
n/a
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FTSE All-Share
4,519.41
14:15 26/11/24
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Mobile Telecommunications
2,075.02
16:59 24/01/22
0.00%
2,075.02
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."