Vodafone's Spanish unit attracting takeover interest - report
Vodafone’s Spanish business is reportedly attracting takeover interest from potential buyers.
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Bloomberg cited people with knowledge of the matter as saying that the telecommunications group has been contacted by private equity and strategic suitors.
Sources said that while it’s not running a formal sale process for the unit, Vodafone would consider offers at the right price.
It was understood that Vodafone’s Spanish unit could be valued at more than $4bn.
Deliberations are ongoing and there’s no certainty they’ll result in a sale of the Spanish operations, Bloomberg said.
At 1330 BST, Vodafone shares were up 2.4% at 89.54p.