Etisalat sells its stake in Vodafone for $5.95 billion
E& Group of the UAE telecommunications announced the full sale of its stake in Vodafone UK for $5.95 billion, contributing to strengthening its focus on core sectors and achieving a net cash return of $1.28 billion. The deal was executed through the sale of approximately 3.945 billion shares, representing 16.21% of Vodafone's capital, at a price of 112.5 pence per share, with a premium of up to 15% over the market price. After completing the sale, E& ceased its direct association with Vodafone and confirmed that it has no intention of influencing its board of directors, while expressing interest in exploring future collaboration opportunities.
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