iAND sells entire stake in Vodafone for $5.95 billion

E& Group announced the full sale of its 16.21% stake in Vodafone to the Neil family group for $5.95 billion, as part of a strategic review of its international investments. The sale price was 112.5 pence per share, generating a cash return of approximately $1.3 billion. This move aims to redirect investments toward its core businesses and strengthen future growth prospects. E& Group will have no influence in Vodafone’s board management after the transaction is completed.

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