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Emirates Telecommunications Group "E&" has completed the sale of its entire stake in Vodafone Group PLC, amounting to approximately 3.94 billion shares, for a total return of nearly $5.95 billion. The group's net cash proceeds totaled 4.8 billion dirhams (about $1.3 billion), with the expectation of receiving a final amount of $0.11 billion in July 2026, bringing the total proceeds to approximately $5.95 billion. This move aligns with its strategy to focus on its core businesses and generate returns from its investments, playing a role in strengthening its financial position and increasing the value of its investments after exiting Vodafone.
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