Emirates "E&" Exits Vodafone with $1.3 Billion Profit

UAE Telecom Group "E&" has completed its investment in Vodafone by selling its 16.21% stake in a deal valued at approximately $5.95 billion, resulting in a net cash return of around $1.3 billion. The sale was executed through an agreement with Vega, a company owned by Neil Famy Group. The deal also included the distribution of a final dividend for the fiscal year 2026 amounting to 2.02 pence per share. Following the completion of the transaction, an "E&" representative resigned from Vodafone's board of directors.

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