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e Group fully sells Vodafone stake
E announced the completion of the full sale of its stake in Vodafone Emirates for $5.95 billion, following the transfer of approximately 3.94 billion shares to global financial institutions. The deal resulted in immediate cash proceeds of $5.84 billion, with future provisions bringing the total compensation to around $5.95 billion, and a net cash return of $1.3 billion. This step allows the group to focus on its core businesses and channel resources into new growth sectors, in line with its strategy to capitalize on its foreign investments.
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